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The latest announcement is out from Circle SpA ( (IT:CIRC) ).
Circle S.p.A. announced a significant change in its ownership structure, with Algebris Investment Limited surpassing the 5% threshold of the company’s share capital. This development is seen as a vote of confidence in Circle’s strategy and achievements amidst global market volatility. The increase in Algebris’ stake is expected to bolster Circle’s operations and encourage further value creation for shareholders and stakeholders.
More about Circle SpA
Founded in Genoa in 2012, Circle S.p.A. is an innovative SME leading the Circle Group, which specializes in the analysis and development of products for the digitalization of the port and intermodal logistics sectors. The company also provides international consultancy on Green Deal and energy transition issues. Circle Group includes software houses and consultancy companies that enhance its offerings in IoT, optimization, digital twin, big data, and process automation, with a focus on solutions for intermodal logistics, shipping, and supply chain visibility.
YTD Price Performance: -19.80%
Average Trading Volume: 9,636
Technical Sentiment Signal: Buy
Current Market Cap: €30.79M
See more insights into CIRC stock on TipRanks’ Stock Analysis page.