MIBA Cooperative to Increase Emmi AG’s Free Float with Share Sale

Emmi AG ( (CH:EMMN) ) has shared an update.

The MIBA Cooperative plans to sell 110,000 registered shares of Emmi AG, increasing the company’s free float from 39.5% to 41.6%. This private placement to institutional investors in Switzerland and the UK is part of MIBA’s strategy to diversify its assets while maintaining a long-term stake in Emmi AG. The transaction is managed by Zürcher Kantonalbank, with completion expected by June 19, 2025.

The most recent analyst rating on (CH:EMMN) stock is a Buy with a CHF1050.00 price target. To see the full list of analyst forecasts on Emmi AG stock, see the CH:EMMN Stock Forecast page.

More about Emmi AG

Emmi is a leading Swiss manufacturer of high-quality dairy products, founded in 1907 by dairy cooperatives in Lucerne. The company has expanded internationally, with a presence in 15 countries and sales in around 60 countries. Emmi is known for innovative products like Emmi Caffè Latte and Kaltbach cheese, and it operates 72 production sites globally, employing approximately 12,000 people.

Average Trading Volume: 3,499

Current Market Cap: CHF4.35B

For a thorough assessment of EMMN stock, go to TipRanks’ Stock Analysis page.