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Matica Fintec SpA ( (IT:MFT) ) has shared an update.
Matica Fintec S.p.A. announced the unanimous approval by its shareholders for the merger by incorporation of Panini S.p.A. into Matica Fintec. This strategic move, approved in an extraordinary session, is expected to strengthen Matica Fintec’s position in the market by expanding its technological capabilities and market reach. The merger will be finalized following the legal procedures, potentially enhancing the company’s offerings and competitiveness in the digital card issuance sector.
More about Matica Fintec SpA
Matica Fintec S.p.A. is an Innovative SME based in Milan, specializing in the design, production, and marketing of advanced technological systems for issuing digital cards. These cards are intended for financial institutions, such as credit and debit cards, as well as government entities, including identity cards and passports. The company is recognized for its commitment to research and development, holding nine patents and investing over 10% of its annual turnover in R&D.
Average Trading Volume: 6,084
Technical Sentiment Signal: Buy
Current Market Cap: €60.86M
Find detailed analytics on MFT stock on TipRanks’ Stock Analysis page.