FNM S.p.A.

Equities

FNM

IT0000060886

Passenger Transportation, Ground & Sea

Market Closed - Borsa Italiana Other stock markets 11:44:59 2024-04-26 am EDT			5-day change	1st Jan Change
0.45 ^EUR	+0.90%		+3.45%	-0.44%

Apr. 02	Futures bullish; new economic data expected	AN
Mar. 28	Mib below parity; strength on Saipem and Cucinelli	AN

FNM finalizes closing acquisition of 80 percent of Viridis Energia

February 23, 2024 at 01:46 pm EST

(Alliance News) - FNM Spa announced the completion of the closing for the acquisition of 80% of the share capital of Viridis Energia Spa, an independent power producer, from Lagi Energia 2006 Srl and HNF Spa, as previously anticipated.

The acquisition was finalized through the payment of EUR80 million.

Viridis will therefore be fully consolidated in FNM's financial statements as of February 23, 2024.

FNM's stock closed in the green by 0.7 percent at EUR0.45 per share.

By Chiara Bruschi, Alliance News reporter

Comments and questions to redazione@alliancenews.com

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Latest news about FNM S.p.A.

Futures bullish; new economic data expected	Apr. 02	AN
Mib below parity; strength on Saipem and Cucinelli	Mar. 28	AN
Mib pegs 33,900 points; Azimut dictates pace	Mar. 13	AN
Mib rises to 33,800; MPS at new annual high	Mar. 13	AN
FNM increases profit in 2023 and confirms dividend	Mar. 13	AN
FNM S.p.A. Reports Earnings Results for the Full Year Ended December 31, 2023	Mar. 11	CI
Futures await lists in red	Feb. 27	AN
Europeans down; Sogefi flies in Piazza Affari.	Feb. 26	AN
Europeans down; Sogefi rises 33% post accounts	Feb. 26	AN
Piazza Affari down; Leonardo tops the Mib	Feb. 26	AN
FNM finalizes closing acquisition of 80 percent of Viridis Energia	Feb. 23	AN
FNM S.p.A. completed the acquisition of 80% stake in Viridis Energia Srl from LA.GI. Energia 2008 S.r.l. and Hnf S.P.A. for ?80 million.	Feb. 22	CI
Futures little moved; EUR900 million Enel bond	Feb. 21	AN
Mib rises above 31,700; DiaSorin takes top spot	Feb. 20	AN
Indices reverse course, Unipol does well on Mib.	Feb. 20	AN
Italy's FNM Signs Deal to Buy Majority Stake in Viridis Energia for EUR80 Million	Feb. 20	MT
Piazza Affari in the red; Iveco trailing the Mib.	Feb. 20	AN
FNM, signed contract to acquire 80% in Viridis Energia	Feb. 20	AN
Futures bullish; focus remains on Davos	Jan. 18	AN
Stock markets down as dollar rises; luxury goods hurt	Jan. 17	AN
Futures in the red; selling on U.S. and Asian	Jan. 17	AN
Mib above par; ECB cautious about rates	Jan. 16	AN
Indices down; Italian inflation at 5.7 percent in 2023	Jan. 16	AN
Stock markets in the red in Europe; Mib above 30,100 threshold	Jan. 16	AN
FNM enters renewable energy generation sector	Jan. 15	AN

Chart FNM S.p.A.

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Company Profile

FNM SpA is an Italy-based holding company primarily engaged in the provision of railway transport services. The Company structures its business into three main sectors: Holding, Railway Infrastructure Management and Road Passenger Transport. The Holding sector includes the provision of accounting services; personnel administration; support to the project development; business and legal advice; purchases, tenders and contracts management; human resources management, and communication services, among others. In the Railway Infrastructure Management sector, the Company is active in the management, maintenance and construction of facilities for railway passenger transport in the region of Lombardy, Italy. In the Road Passenger Transport sector, it provides public transport bus services in the provinces of Varese, Como and Brescia, in Italy.

Sector

Passenger Transportation, Ground & Sea

Calendar

2024-05-13 - Q1 2024 Earnings Release

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Income Statement Evolution

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Ratings for FNM S.p.A.

Trading Rating

Investor Rating

ESG Refinitiv

C+

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

0.45 EUR

Average target price

0.65 EUR

Spread / Average Target

+44.44%

Consensus

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Quarterly revenue - Rate of surprise

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