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Promotica’s Strategic Sale to Foster Clark Fuels Growth Ambitions

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Promotica’s Strategic Sale to Foster Clark Fuels Growth Ambitions

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An update from Promotica S.P.A. ( (IT:PMT) ) is now available.

Promotica’s subsidiary, Grani & Partners, has sold its 9.65% stake in Preziosi Food to Foster Clark Products Limited for €3.3 million. This transaction is aimed at supporting Promotica’s growth and international expansion, enhancing its investment capacity and consolidating its leadership in loyalty marketing both in Italy and international markets.

The most recent analyst rating on (IT:PMT) stock is a Buy with a EUR6.50 price target. To see the full list of analyst forecasts on Promotica S.P.A. stock, see the IT:PMT Stock Forecast page.

More about Promotica S.P.A.

Promotica S.p.A. is a prominent Italian company in the loyalty sector, listed on the Euronext Growth Milan market since 2020. Founded by Diego Toscani in 2003, the company specializes in providing comprehensive promotional planning and development services across various sectors including Retail, Food, pharmaceutical, and services. Promotica’s offerings encompass the entire promotional process from design to result measurement, and it reported consolidated revenues of €96.0 million in 2024.

Average Trading Volume: 7,509

Technical Sentiment Signal: Buy

Current Market Cap: €37.32M

For an in-depth examination of PMT stock, go to TipRanks’ Overview page.

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