BREAKING NEWS – 25.02.2025

In the press release dated February 21, 2025, Alfio Bardolla Training Group SpA (ABTG), a leading Italian SME in digital financial and business training, listed on Euronext Growth Milan, announced that it had successfully acquired, through auction, a property located at Via Ripamonti 549, with a total surface area of 23,174 square meters, for €2.08 million. This acquisition was completed despite the court-appointed appraiser of the Milan Tribunal having previously estimated the asset’s total value at €3.82 million. The outstanding balance is to be settled within 120 days from the award, financed through a combination of internal resources and third-party funding. This transaction represents a strategic milestone for ABTG, as the company plans to undertake a redevelopment project to transform the site into a centre of excellence for education and training. The newly acquired facility will enable the company to host training courses and events, optimizing operational costs while enhancing the participant experience. Additionally, it will provide a dedicated space for market players interested in professional training, establishing itself as a reference hub for the Milanese community and fostering the dissemination of financial and entrepreneurial literacy. The redevelopment works and the inauguration of the new headquarters are expected to be completed within 18 to 24 months from the date of the transfer decree. Based on the statements in the press release, while awaiting a meeting with the management team for an analysis of the annual results, we confirm our recommendation: target price of €7.00, BUY rating, and MEDIUM risk.

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