Romanian IT group Bittnet expands abroad with acquisition in Czechia

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(The Romania Insider)

Romanian IT&C group Bittnet Systems (BNET) will turn into a regional player after it reached an agreement to buy a 35% stake in Czech company Servodata.

Bittnet will issue new shares worth EUR 1.4 mln for the stake that it will buy from Moore Czech Republic.

The deal must be approved by the two companies’ shareholders.

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