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EuroGroup Laminations S.p.A ( (IT:EGLA) ) has issued an announcement.
Eurogroup Laminations S.p.A. announced a significant transaction involving the sale of 45.7% of its share capital to Ferrum Investment Ltd., a vehicle managed by FountainVest Capital Partners. This transaction includes a mandatory public purchase offer for remaining shares and aims to delist the company’s shares from Euronext Milan. The agreements also involve a co-investment agreement and a shareholders’ agreement model, impacting the company’s corporate structure and governance. This move is expected to consolidate voting rights and streamline operations, potentially affecting stakeholders and market positioning.
The most recent analyst rating on (IT:EGLA) stock is a Hold with a EUR3.85 price target. To see the full list of analyst forecasts on EuroGroup Laminations S.p.A stock, see the IT:EGLA Stock Forecast page.
More about EuroGroup Laminations S.p.A
Eurogroup Laminations S.p.A. operates in the manufacturing industry, focusing on producing laminated products. The company is listed on Euronext Milan and is involved in complex transactions involving significant share capital and voting rights.
Average Trading Volume: 732,254
Technical Sentiment Signal: Strong Buy
Current Market Cap: €592.1M
For a thorough assessment of EGLA stock, go to TipRanks’ Stock Analysis page.