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The latest announcement is out from OVS S.p.A. ( (IT:OVS) ).
OVS S.p.A. has made a binding offer to acquire 100% of Kasanova SpA, a well-known Italian home products brand, through a capital increase of 15 million Euros. This acquisition aims to enhance OVS’s position in the fragmented homeware market, leveraging synergies between Kasanova’s expertise in home goods and Croff’s textile knowledge. The deal is expected to improve Kasanova’s financial structure and profitability, contingent on several conditions being met by the end of 2025.
The most recent analyst rating on (IT:OVS) stock is a Buy with a EUR5.00 price target. To see the full list of analyst forecasts on OVS S.p.A. stock, see the IT:OVS Stock Forecast page.
More about OVS S.p.A.
OVS S.p.A. operates in the retail industry, focusing on fashion and home products. The company is known for its brands, including Upim and Croff, and aims to strengthen its presence in the homeware sector.
YTD Price Performance: 29.43%
Average Trading Volume: 479,871
Technical Sentiment Signal: Buy
Current Market Cap: €1.08B
Find detailed analytics on OVS stock on TipRanks’ Stock Analysis page.