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a.i.s. AG ( (DE:LUM) ) has shared an announcement.
a.i.s. AG has announced a significant capital measure through the integration of a large-scale project in Paris, covering 3,500 m² of commercial space. The main shareholder, L’Industrielle Franco-Allemande, will contribute 50% of the shares in the project to a.i.s. AG for €20 million. This redevelopment is expected to increase the project’s value to €160 million, providing competitive advantages and aiding in the company’s conversion to a limited partnership with shares. Additionally, subject to approval, a.i.s. AG plans to trade up to 10% of its share capital on the market at a price of up to €3 per share.
More about a.i.s. AG
a.i.s. AG is involved in the global development of artificial intelligence and digital technology, focusing on their application and integration in ‘smart cities’, which are part of new sustainable urban development initiatives.
Average Trading Volume: 31,367
Technical Sentiment Signal: Buy
Current Market Cap: €1.33M
Find detailed analytics on LUM stock on TipRanks’ Stock Analysis page.