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Iren S.p.A. ( (IT:IRE) ) just unveiled an announcement.
Iren S.p.A. has acquired full control of Egea Holding by purchasing the remaining 47.23% stake from MidCo 2024 Srl for a total of 74.8 million euros, with an additional 4 million euros for Capo dell’Acqua’s shares. This acquisition will enable Iren to rapidly implement development investments and integrate new growth projects, particularly in renewable energy, enhancing its market position and operational capabilities.
The most recent analyst rating on (IT:IRE) stock is a Buy with a EUR2.30 price target. To see the full list of analyst forecasts on Iren S.p.A. stock, see the IT:IRE Stock Forecast page.
More about Iren S.p.A.
Iren S.p.A. operates in the utilities sector, focusing on energy and environmental services. The company is involved in the production and distribution of electricity, gas, and water, as well as waste management and renewable energy projects.
Average Trading Volume: 1,846,949
Technical Sentiment Signal: Buy
Current Market Cap: €3.33B
For detailed information about IRE stock, go to TipRanks’ Stock Analysis page.