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Stock Exchange: Engineering soars on possible sale of Cinaglia shares

The company active in the software and IT services sector stands out as the most brilliant stock on the entire Italian Stock Exchange, driven by the rumors that private equity funds are interested in acquiring the shares held by Michele Cinaglia and his wife Marilena Menicucci

Stock Exchange: Engineering soars on possible sale of Cinaglia shares

A Business Square shines the star of engineering, which in the late morning recorded increases of more than 8%, signaling itself as the most brilliant stock of the entire Italian Stock Exchange, with prices exceeding 62 euros, after having reached a maximum of 63,9.

Giving wings to the company active in the software and IT services sector are the rumors, reported by Il Sole 24 Ore, relating to the interest of private equity funds for the share held by the Cinaglia family. Indeed, according to the newspaper, Neuberge Berman would be studying together with apax the Engineering dossier, even if the negotiations are still in the embryonic stage.

If both the shares belonging to Michele Cinaglia (23,2%) and those in the hands of his wife Marilena Menicucci (12%), for private equity funds would trigger the obligation of a takeover bid.

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