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Siav S.p.A. Divests Stake in Mitric S.r.l. to Archiva Group

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Siav S.p.A. Divests Stake in Mitric S.r.l. to Archiva Group

Confident Investing Starts Here:

Siav S.p.A. ( (IT:SIAV) ) has shared an announcement.

Siav S.p.A. has completed the sale of its 51% stake in Mitric S.r.l. to Archiva S.r.l., a move that signifies a strategic shift in its business operations. This transaction, valued at over one million euros, allows Siav to focus on its core competencies while Archiva strengthens its position in document digitization and process automation.

The most recent analyst rating on (IT:SIAV) stock is a Buy with a EUR6.80 price target. To see the full list of analyst forecasts on Siav S.p.A. stock, see the IT:SIAV Stock Forecast page.

More about Siav S.p.A.

Siav S.p.A. Società Benefit is a leader in the Enterprise Content Management (ECM) and Business Process Outsourcing (BPO) sector, primarily serving the Italian market with operations in Switzerland and Romania. The company offers proprietary software for document management and professional outsourcing services, boasting over 4,000 active clients, including private and public administration sectors.

Average Trading Volume: 10,969

Technical Sentiment Signal: Buy

Current Market Cap: €19.52M

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

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