Mare Engineering Group Expands Stake in Eles Semiconductor

The latest update is out from Mare Engineering Group SpA ( (IT:MARE) ).

Mare Engineering Group S.p.A. announced the purchase of 190,000 ordinary shares of Eles Semiconductor Equipment S.p.A., representing approximately 1.0780% of Eles’ share capital. This acquisition is part of a voluntary partial public purchase and exchange offer, aiming to strengthen Mare Group’s position in the market. Following this transaction, Mare Group now holds a total of 971,000 ordinary shares, equating to about 5.5093% of Eles’ share capital, which may enhance its influence and strategic positioning within the semiconductor equipment sector.

More about Mare Engineering Group SpA

Founded in 2001, Mare Engineering Group S.p.A. is an engineering company listed on Euronext Growth Milan. It operates in the innovation sector through enabling technologies, serving over 2,000 clients with a team of more than 500 people across 25 offices in five countries. The company is known for its significant investments in R&D and its ability to integrate complementary resources and technologies, as evidenced by 16 acquisitions since 2019.

Average Trading Volume: 37,061

Technical Sentiment Signal: Strong Sell

Current Market Cap: €65.63M

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