Gemina stock flies on the stock exchange which, in view of the merger project with Atlantia, earns in the morning 3,52% at 1,263 euro per share with very high volumes. The stock also receives the trust of Barclays, which raised the target price to 1,4 euros. Gemina's shares are pushed up by the rumors about Atlantia's offer, which should be 1,4 euros in cash per share.
According to the operators, in fact, the minorities of Gemina will have the greatest benefits from the merger, being able to count on a reduction in the marginal costs of the debt. But also for the parent company the advantages (greater growth in Ebitda and reduced national exposure above all) appear evident: in the morning the Atlantia share gains 0,45% at €13,34 per share, signaling itself as one of the few positive stocks of the Ftse Mib. Also for Atlantia, Barclays raised the target price from 15,50 to 17 euros, confirming the "overweight" rating.
Meanwhile, the merger project continues quickly: already today the Gemina board should formalize the assignments to the advisors for the plan.
