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Astrea S.r.l. Acquires Majority Stake in Bifire S.p.A.

Story Highlights

Bifire S.p.A. ( (IT:FIRE) ) has shared an update.

Astrea S.r.l. has successfully executed a voluntary total public tender offer for Bifire S.p.A., acquiring a significant majority stake in the company. This acquisition, involving the transfer and sale of shares from Altus S.r.l. and Alfredo Varini, results in Astrea S.r.l. holding 86.03% of Bifire’s share capital, potentially impacting the company’s market positioning and shareholder dynamics.

More about Bifire S.p.A.

YTD Price Performance: 8.05%

Average Trading Volume: 79,572

Technical Sentiment Consensus Rating: Sell

Current Market Cap: €49.21M

For an in-depth examination of FIRE stock, go to TipRanks’ Stock Analysis page.

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