An announcement from Ariston Holding NV ( (IT:ARIS) ) is now available.
Ariston Holding N.V. has regained full control and management of its Russian subsidiary, Ariston Thermo Rus LLC, following a new presidential decree by Russia that nullifies a previous decree which had transferred the subsidiary to Gazprom’s management. This reinstatement reflects the Russian authorities’ appreciation for Ariston’s longstanding investments and commitment to its Russian operations and employees. The development requires Ariston’s Board of Directors to revisit a previous decision to deconsolidate the subsidiary and record associated losses.
More about Ariston Holding NV
Ariston Group is a global leader in sustainable thermal comfort solutions, offering a wide range of products for climate comfort, water heating, and air handling. The company is listed on Euronext Milan and reported revenues of nearly 3.1 billion euros in 2023. With over 10,000 employees and operations in 40 countries, Ariston Group is committed to sustainability through renewable and high-efficiency solutions, technological innovation, and digitalization.
YTD Price Performance: 29.22%
Average Trading Volume: 393,321
Technical Sentiment Signal: Hold
Current Market Cap: €1.59B
Learn more about ARIS stock on TipRanks’ Stock Analysis page.