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Distribuzione Elettrica Adriatica S.p.A ( (IT:DEA) ) just unveiled an announcement.
Distribuzione Elettrica Adriatica (DEA) S.p.A., a prominent player in the electricity distribution sector in Italy, has allocated 59,600 ordinary shares to eligible parties as part of its capital increase strategy. This move, a follow-up to its private placement linked to Euronext Growth Milan market trading, aims to solidify DEA’s market position and enhance its financial operations. The capital increase raises DEA’s share capital to 7,914,539 euros, reflecting the company’s strategic growth initiatives.
More about Distribuzione Elettrica Adriatica S.p.A
DEA S.p.A. is a leading company in the distribution of electricity and management of public lighting in central and northern Italy. Established in 2015, it evolved from a multi-utility business unit and has progressively expanded, gaining control of various regional utilities.
YTD Price Performance: -4.23%
Average Trading Volume: 1,890
Technical Sentiment Consensus Rating: Strong Buy
See more insights into DEA stock on TipRanks’ Stock Analysis page.