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Vocento ( (ES:VOC) ) has provided an update.
Vocento S.A. has sold its subsidiary, Desarrollo de Clasificados, S.L.U., which owns the real estate portal Pisos.com, to IMMOBILIARE.IT for 22.5 million euros. This sale is part of Vocento’s strategic plan to improve its financial position and focus on key areas, resulting in an estimated capital gain of 18 million euros.
More about Vocento
Vocento S.A. operates in the media industry, focusing on journalism, data, technology, and developing new business areas. It aims to consolidate its strategic value businesses under the leadership of CEO Manuel Mirat.
YTD Price Performance: 16.25%
Average Trading Volume: 244
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €88.63M
Find detailed analytics on VOC stock on TipRanks’ Stock Analysis page.