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Credito Emiliano SPA Credem ( (IT:CE) ) has issued an announcement.
Credito Emiliano S.p.A. has announced the partial spin-off of its subsidiary, Euromobiliare Advisory SIM S.p.A., in favor of itself and Euromobiliare Asset Management SGR S.p.A. This strategic move, following authorization from supervisory authorities, aims to streamline operations and enhance the company’s asset management capabilities. The spin-off project has been published on the companies’ websites and will be submitted for approval by Credem’s Board of Directors. Shareholders are given the right to request a decision on the merger through an extraordinary shareholders’ meeting if they represent at least five percent of the share capital. This development is expected to impact Credem’s operational efficiency and market positioning positively.
The most recent analyst rating on (IT:CE) stock is a Hold with a EUR11.50 price target. To see the full list of analyst forecasts on Credito Emiliano SPA Credem stock, see the IT:CE Stock Forecast page.
More about Credito Emiliano SPA Credem
Credito Emiliano S.p.A., commonly known as Credem, operates in the financial services industry, providing banking and asset management services. The company focuses on offering a range of financial solutions, including advisory services through its subsidiary Euromobiliare Advisory SIM S.p.A., and asset management services through Euromobiliare Asset Management SGR S.p.A.
Average Trading Volume: 144,523
Technical Sentiment Signal: Buy
Current Market Cap: €4.67B
Find detailed analytics on CE stock on TipRanks’ Stock Analysis page.