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An update from Haiki+ S.P.A. ( (IT:HIK) ) is now available.
Haiki+ S.p.A. has acquired Ecobat Resources Italy S.r.l., becoming a leading producer of recycled lead in Italy. This strategic acquisition, valued at €22.9 million, strengthens Haiki+’s position in the lead recycling chain, enhancing its capacity to manage the entire recycling process from collection to refining. The move supports Italy’s circular economy by reducing dependence on foreign raw materials and is backed by financial support from SG Holding S.R.L. and BPER Banca. The acquisition is expected to boost Haiki+’s growth, with projected revenues of €97 million and an EBITDA of €6 million for 2024.
More about Haiki+ S.P.A.
Haiki+ S.p.A. operates in the recycling industry, focusing on lead battery recycling and production of lead and lead alloys. The company is a significant player in Italy’s circular economy, aiming to reduce reliance on foreign raw materials. It is also involved in lithium battery processing through its subsidiaries.
Average Trading Volume: 171,341
For an in-depth examination of HIK stock, go to TipRanks’ Overview page.