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The latest announcement is out from Prada SpA ( (HK:1913) ).
Prada SpA has announced the acquisition of a property in Milan, Italy, for EUR 66,587,950 from Ludo Due S.r.l., a company controlled by a substantial shareholder of Prada. This transaction is classified as a connected transaction under the Listing Rules, requiring reporting and announcement but exempt from circular and independent shareholder approval. The property includes developed office buildings and a greenfield area, enhancing Prada’s strategic positioning in Milan’s real estate market.
The most recent analyst rating on (HK:1913) stock is a Buy with a HK$58.00 price target. To see the full list of analyst forecasts on Prada SpA stock, see the HK:1913 Stock Forecast page.
More about Prada SpA
Prada SpA is a prominent player in the luxury fashion industry, known for its high-end clothing, accessories, and leather goods. The company focuses on delivering innovative and stylish products to a global market, maintaining a strong presence in the fashion capitals of the world.
Average Trading Volume: 2,726,906
Technical Sentiment Signal: Hold
Current Market Cap: HK$120.2B
For detailed information about 1913 stock, go to TipRanks’ Stock Analysis page.