BITTNET SYSTEMS S.A. (hereinafter referred to as the “Company”) informs the shareholders about receiving from de Competition Council of the Decision no. 68/05.12.2018 regarding the business transfer of Crescendo International SRL to Bittnet Systems SA, investment on which the Company informed the capital market on 15 October 2018. The Board of the Competition Council issued the positive decision on the “economic concentration operation to be achieved by acquiring the sole control over certain assets and activities of Crescendo International SRL”. The notified transaction takes place under the “Business Transfer Agreement” through which Crescendo International SRL will transfer to Bittnet Systems SA a significant part of its business, representing 97% of the comercial fund determined as rate of the turnover.
