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Almaviva S.p.A. Increases Stake in Almawave S.p.A. Through Share Purchase

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Almaviva S.p.A. Increases Stake in Almawave S.p.A. Through Share Purchase

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Almawave S.p.A. ( (IT:AIW) ) has provided an update.

Almaviva S.p.A. has executed a voluntary total public purchase offer for shares of Almawave S.p.A., acquiring 15,357 ordinary shares, which represents 0.05% of the share capital. Following this transaction, Almaviva now holds 78.37% of Almawave’s share capital, with the purchase price not exceeding 4.30 euros per share. The offer is exclusively promoted in Italy and does not extend to certain excluded countries.

The most recent analyst rating on (IT:AIW) stock is a Buy with a EUR5.00 price target. To see the full list of analyst forecasts on Almawave S.p.A. stock, see the IT:AIW Stock Forecast page.

More about Almawave S.p.A.

YTD Price Performance: 48.96%

Average Trading Volume: 61,951

Technical Sentiment Signal: Buy

Current Market Cap: €128.6M

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

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