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An update from Siav S.p.A. ( (IT:SIAV) ) is now available.
Siav S.p.A. has signed a binding agreement to sell its 51% stake in Mitric S.r.l. to Archiva S.r.l., as part of a strategic reorganization to focus on its core business and M&A strategy. This sale, valued at over one million euros, will enable Siav to reallocate financial resources towards future investments and growth initiatives, enhancing its position in high-value ECM and BPO segments.
More about Siav S.p.A.
Siav S.p.A. Società Benefit, founded in 1989 and headquartered in Rubano, Italy, is a prominent player in the Enterprise Content Management (ECM) and Business Process Outsourcing (BPO) sectors. The company leads an international group with a strong focus on the Italian market, operating in Switzerland and Romania as well. Siav offers proprietary software for document management and professional outsourcing services, boasting over 4,000 active clients.
YTD Price Performance: -12.38%
Average Trading Volume: 8,260
Technical Sentiment Signal: Buy
Current Market Cap: €16.47M
Learn more about SIAV stock on TipRanks’ Stock Analysis page.