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An update from Piovan SpA ( (IT:PVN) ) is now available.
Piovan S.p.A. is undergoing significant changes as Automation Systems S.p.A., through its subsidiary BidCo, has acquired a 64.82% stake in the company. This acquisition is part of a strategic move to delist Piovan from Euronext STAR Milan, with the signing of a comprehensive Shareholders’ Agreement outlining the future corporate structure and governance. The agreement includes terms for share circulation and potential mergers, indicating a strategic realignment aimed at enhancing operational efficiency and market positioning.
More about Piovan SpA
Piovan S.p.A. operates in the industrial sector, focusing on the manufacturing and supply of automation systems. The company is part of the Euronext STAR Milan and is engaged in offering various technological solutions catering to multiple industries.
YTD Price Performance: -1.08%
Average Trading Volume: 71
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €710.5M
See more data about PVN stock on TipRanks’ Stock Analysis page.
