BREAKING NEWS – 29.06.2023

In a press release of 26 June 2023, Pasquarelli Auto S.p.A. – a Company engaged in the trade of new and used cars and commercial vehicles, short-, medium- and long-term rental as well as service and sale of spare parts – announced the non-exercise of the greenshoe option in a capital increase for 286,000 shares granted by the majority shareholder Ursus Holding S.r.l. Thus, the Company’s share capital will remain 24,834,700 ordinary shares, with a free float of 14.96 %.

Taking the press release into consideration, we confirm our recommendation: target price € 5.25, rating BUY, and risk MEDIUM. 

Leggi il pdf