{"id":28491,"date":"2026-06-22T12:42:57","date_gmt":"2026-06-22T09:42:57","guid":{"rendered":"https:\/\/investors.bittnet.ro\/?p=28491"},"modified":"2026-06-22T12:42:57","modified_gmt":"2026-06-22T09:42:57","slug":"signing-the-spa-for-elian-sale","status":"publish","type":"post","link":"https:\/\/investors.bittnet.ro\/en\/signing-the-spa-for-elian-sale\/","title":{"rendered":"Signing the SPA for Elian sale"},"content":{"rendered":"<p><strong>BITTNET SYSTEMS S.A.<\/strong> (referred to as the \u201cCompany\u201d \/ \u201cIssuer\u201d \/ \u201cGroup\u201d) informs investors and interested parties about the signing of a contract (the SPA) for sale of the shares held in Elian Solutions SRL (part of the Digital Platforms pillar of the Bittnet group).<\/p>\n<p>The transaction price is in amount to 6 million EUR (approx. 31.4 million RON) for 100% of Elian Solutions, together with the subsidiary Elian Development Systems. The price will be adjusted according to the customs in this type of M&amp;A transactions. The Issuer will receive, upon signing the closing certificate, the amount of 3.3 million euro related to its 61.68% stake in Elian and a difference of approx 367 thousand euro in March 2027. By selling its holding in Elian, Bittnet achieves an IRR (internal rate of return) margin of over 40%.<\/p>\n<p>The buyer is the Latvian company Digmatix AS, a leading provider of Microsoft Business applications and advanced IT solutions serving customers in the Central and Eastern Europe region, especially in the SME market segment.<\/p>\n<p>The sale of Elian falls within the Group&#8217;s announced strategy to capitalize on the assets in its portfolio. The funds obtained will be redirected to carry out BNET share buybacks programs and\/or dividend distributions to the Issuer&#8217;s shareholders.<\/p>\n<p><a href=\"https:\/\/investors.bittnet.ro\/wp-content\/uploads\/2026\/06\/CR22-Current-report-engl-2026-Vanzarea-unei-companii-din-grup.pdf\">CR22\/22.06.2026<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>BITTNET SYSTEMS S.A. (referred to as the \u201cCompany\u201d \/ \u201cIssuer\u201d \/ \u201cGroup\u201d) informs investors and interested parties about the signing of a contract (the SPA) for sale of the shares held in Elian Solutions SRL (part of the Digital Platforms pillar of the Bittnet group). The transaction price is in amount to 6 million EUR&#8230;<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[389],"tags":[],"class_list":["post-28491","post","type-post","status-publish","format-standard","hentry","category-current-reports"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Signing the SPA for Elian sale - Bittnet Investors Relations Site<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/investors.bittnet.ro\/en\/signing-the-spa-for-elian-sale\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Signing the SPA for Elian sale - Bittnet Investors Relations Site\" \/>\n<meta property=\"og:description\" content=\"BITTNET SYSTEMS S.A. (referred to as the \u201cCompany\u201d \/ \u201cIssuer\u201d \/ \u201cGroup\u201d) informs investors and interested parties about the signing of a contract (the SPA) for sale of the shares held in Elian Solutions SRL (part of the Digital Platforms pillar of the Bittnet group). 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