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Vivenda Group S.p.A. ( (IT:VVG) ) just unveiled an announcement.
Vivenda Group S.p.A. has announced the signing of a contract for a technical sponsorship project with Italy’s Ministry of Infrastructure and Transport for the restoration of nine Port Authority offices. The project, valued at approximately €4.3 million, will be entirely financed through proceeds from advertising spaces, aligning with Vivenda’s unique business model of zero-cost sponsored restorations. This initiative not only strengthens Vivenda’s position in the advertising and restoration sectors but also highlights its commitment to sustainable building redevelopment.
More about Vivenda Group S.p.A.
Vivenda Group S.p.A., established in Rome in 2006, is a prominent player in the Out Of Home and Digital Out of Home Advertising sectors. The company specializes in large-scale advertising installations in highly visible public locations and operates through four main service lines: OOH Advertising, Architecture, Legal & Financial Advertising, and Real Estate. Vivenda is known for its zero-cost sponsored restorations, financing restoration projects through advertising revenues, and has expanded its model internationally with subsidiaries in Dubai and Barcelona.
YTD Price Performance: -26.43%
Average Trading Volume: 12,055
For an in-depth examination of VVG stock, go to TipRanks’ Stock Analysis page.