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today, 2:57 pm
authors:
Bianca Ciocotisan
,
Mediafax
Bittnet has completed talks on the acquisition of a 51% stake in Elian Solutions, the estimated date for the completion of the transaction is August 31, says a statement submitted Wednesday by the company
Bittnet (BNET) concluded the negotiations and signed an investment contract with Elian Solutions SRL, and Bittnet will hold a majority stake of 51.0082% of the company, said Bittnet.
The company claims that the takeover of Elian Solutions will take place in two stages. In the first step, Bittnet will participate in the capital increase of Elian Solutions SRL with a 33.33% stake, and in the second stage, Elian Solutions will sell additional shares to Bittnet to hold a stake of 51.0082% in the company.
Elian Solutions is the second acquisition for the Bittnet Group as the group bought Gecad Net from contractor Radu Georgescu
in the third quarter of 2017. "The company was fully integrated with the Bittnet structure and has passed through a rebranding process, being known today under the new dendrio brand, dendrio Solutions SRL is a separate legal entity, in which Bittnet SA holds a 100% interest.As of the first half of 2018, The financial results of both entities will be included in Bittnet's consolidated financial results. "
ELIAN Solutions is a 10-year-old company providing ERP implementation services (Enterprise Resource Planning), Microsoft Dynamics NAV, the solution for companies to know the status of stocks, debts and debts, can predict production, cost centers, etc.
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