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Fidia Spa ( (IT:FDA) ) has provided an announcement.
Fidia S.p.A. has announced a stock grouping, consolidating 746,630,322 ordinary shares into 7,466,303 new ordinary shares at a ratio of 1 new share for every 100 existing shares. This move, executed with the support of Global Growth Holding Limited, aims to streamline the company’s share structure, potentially impacting its market positioning and shareholder value.
More about Fidia Spa
Fidia S.p.A., based in San Mauro Torinese, is a global leader in designing, producing, and marketing high-performance integrated milling systems, primarily for the automotive and aerospace sectors. With over 50 years of experience and approximately 135 employees, the company offers comprehensive solutions for the entire milling process, including numerical controls, high-speed milling systems, and CAM software.
Average Trading Volume: 178,306
Technical Sentiment Signal: Strong Sell
Current Market Cap: €3.88M
Learn more about FDA stock on TipRanks’ Stock Analysis page.