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An update from NEXT RE SIIQ S.p.A. ( (IT:NR) ) is now available.
CPI Property Group S.A., a Luxembourg-based real estate group listed in Frankfurt, has launched a voluntary public tender offer for all remaining ordinary shares of NEXT RE SIIQ S.p.A. that it does not already own, excluding treasury shares and non-voting Class B shares. The offer covers about 20% of NEXT RE’s share capital, corresponding to just over 40% of voting rights at ordinary shareholders’ meetings, and is explicitly aimed at delisting NEXT RE from Euronext Milan, signaling a move to take the Italian real estate company fully private and consolidate CPI’s control over its operations.
More about NEXT RE SIIQ S.p.A.
NEXT RE SIIQ S.p.A. is an Italian listed real estate investment company with its ordinary shares traded on Euronext Milan, operated by Borsa Italiana. The company manages a portfolio of property assets under the SIIQ regime, targeting investors seeking exposure to the Italian real estate market through a regulated, exchange-listed vehicle.
Average Trading Volume: 712
Technical Sentiment Signal: Sell
Current Market Cap: €31.83M
For a thorough assessment of NR stock, go to TipRanks’ Stock Analysis page.