The estimated date for closing the deal is August 31, Bittnet said in a statement Wednesday.
Bittnet has signed an investment contract with Elian Solutions SRL to reach a stake of 51.0082% of the company.
The investment amounts to RON510.000 and will be done in two stages. In the first stage, Bittnet will take part in a capital increase, reaching a 33.33% participation in Elian Solutions. In the second stage, the founders will sell additional shares so that Bittnet will reach a 51.0082% shareholding position in Elian Solutions.