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An announcement from Kruso Kapital S.P.A. ( (IT:KK) ) is now available.
Kruso Kapital has issued a Credit Linked Note (CLN) worth approximately 3 million euros, with Società di Gestione delle Partecipazioni in Banca Sistema S.r.l. subscribing to a significant portion. This transaction, linked to gold-backed loans, is part of a broader strategy authorized by the company’s board to issue up to 10 million euros in CLNs by 2026. The issuance reflects Kruso Kapital’s strategic focus on leveraging its expertise in pawn credit and art auctions to enhance its financial offerings, potentially impacting its market positioning and stakeholder interests.
The most recent analyst rating on (IT:KK) stock is a Buy with a EUR2.70 price target. To see the full list of analyst forecasts on Kruso Kapital S.P.A. stock, see the IT:KK Stock Forecast page.
More about Kruso Kapital S.P.A.
Kruso Kapital S.P.A., part of the Banca Sistema Group and listed on the Euronext Growth Milan segment of Borsa Italiana, is a pioneer in the pawn credit business and the auction market for precious items, works of art, and collectibles. Established in November 2022, the company operates through various brands in Italy, Greece, and Portugal, offering loans secured by collateral objects and engaging in the art auction market. With a presence in multiple cities and a multichannel structure, Kruso Kapital employs 145 resources.
Average Trading Volume: 2,880
Technical Sentiment Signal: Strong Sell
Current Market Cap: €44.3M
Find detailed analytics on KK stock on TipRanks’ Stock Analysis page.