MAIRE S.p.A. Completes Successful Share Placement

MaireTecnimont SpA ( (IT:MAIRE) ) has shared an update.

MAIRE S.p.A. has successfully completed the placement of 4,981,118 ordinary shares, representing approximately 1.5% of its total shares, at a price of Euro 10.25 per share, raising approximately Euro 51.1 million. This transaction, part of the company’s Long-Term Incentive Plans, was executed through an accelerated bookbuilding procedure targeting Italian qualified and foreign institutional investors, and is expected to impact the company’s financial flexibility and shareholder value.

The most recent analyst rating on (IT:MAIRE) stock is a Hold with a EUR11.00 price target. To see the full list of analyst forecasts on MaireTecnimont SpA stock, see the IT:MAIRE Stock Forecast page.

More about MaireTecnimont SpA

MAIRE S.p.A. is the head of an engineering group that develops and implements innovative technologies to support the energy transition. The Group offers integrated engineering and construction solutions for the transformation of natural resources through its Integrated E&C Solutions business unit, and sustainable technology solutions through its Sustainable Technology Solutions business unit, which focuses on Sustainable Fertilizers, Low-Carbon Energy Vectors, and Circular Solutions. MAIRE operates in 50 countries and employs about 10,000 people, with projects involving around 50,000 people worldwide. It is listed on the Milan Stock Exchange.

Average Trading Volume: 936,606

Technical Sentiment Signal: Buy

Current Market Cap: €3.7B

For detailed information about MAIRE stock, go to TipRanks’ Stock Analysis page.