tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Progressio Acquires Majority Stake in Spindox to Boost Growth

Story Highlights
Progressio Acquires Majority Stake in Spindox to Boost Growth

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Spindox S.P.A ( (IT:SPN) ) has shared an update.

Progressio SGR S.p.A. has signed an agreement to acquire a 74.12% stake in Spindox S.p.A., with plans to promote a mandatory public offer and delist the company from Euronext Growth Milan. This acquisition aims to strengthen Spindox’s competitive positioning and support its development through financial and managerial resources, with current managers reinvesting and continuing their roles.

The most recent analyst rating on (IT:SPN) stock is a Buy with a EUR15.80 price target. To see the full list of analyst forecasts on Spindox S.P.A stock, see the IT:SPN Stock Forecast page.

More about Spindox S.P.A

Spindox S.p.A operates in the digital transformation industry, providing IT services and consultancy. The company focuses on developing technological solutions to optimize client processes, enhance competitiveness, and drive innovation.

Average Trading Volume: 4,753

Technical Sentiment Signal: Buy

Current Market Cap: €65.22M

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

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1