In a report released today, Matteo Bonizzoni from Kepler Capital maintained a Hold rating on EuroGroup Laminations S.p.A, with a price target of €2.70.
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Matteo Bonizzoni has given his Hold rating due to a combination of factors surrounding the recent developments at EuroGroup Laminations S.p.A. The company is undergoing a significant change of control, with Euro Management Services selling a substantial stake to FountainVest, an established private equity firm. This transaction, while offering a premium over recent market prices, is still notably below the IPO price, which suggests a cautious outlook.
Furthermore, the strategic partnership aims to enhance EuroGroup Laminations’ growth prospects, particularly in the Asian market, leveraging FountainVest’s expertise. However, the transaction’s completion is anticipated by the first half of 2026, and the associated tender offer aims to delist the company, adding layers of uncertainty. These elements contribute to a balanced view, justifying the Hold rating as the market awaits further clarity on the company’s future trajectory.