Asterion Industrial Partners completed the acquisition of the remaining stake in Retelit for $406m.

Asterion Industrial Partners, an investment management firm, completed the acquisition of the remaining stake in Retelit, the Italian company specializing in constructing tailor-made digital transformation projects, for $406m. “The deal intends to fully support Retelit’s business plan and development plans as well as to contribute to the growth of the broadcaster by leveraging its experience in the communications sector and to work with the management of Retelit in order to achieve some of the growth objectives set by the issuer’s strategy disclosed to the public”, Asterion-backed Marbles.