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Eurotech S.p.A. ( (IT:ETH) ) has provided an update.
Eurotech’s Board of Directors has approved a capital increase of 2.5 million Euros, reserved for its relative majority shareholder, Emera S.r.l. This move converts payments made by Emera in 2024 into share capital, strengthening Emera’s stake to approximately 24.725% of Eurotech’s share capital. The capital increase aims to enhance Eurotech’s financial position and market transparency, with the transaction being classified as a related party transaction due to Emera’s significant influence. The Board has ensured compliance with regulatory requirements and transparency by publishing relevant documents and opinions.
The most recent analyst rating on (IT:ETH) stock is a Hold with a EUR1.20 price target. To see the full list of analyst forecasts on Eurotech S.p.A. stock, see the IT:ETH Stock Forecast page.
More about Eurotech S.p.A.
Eurotech S.p.A. operates in the technology industry, focusing on the development and production of embedded systems and IoT solutions. The company is known for its innovative products that cater to various sectors, including industrial, transportation, and energy markets.
YTD Price Performance: 5.86%
Average Trading Volume: 127,432
Technical Sentiment Signal: Sell
Current Market Cap: €28.8M
See more data about ETH stock on TipRanks’ Stock Analysis page.