(Finance) – Shine Illimity Bankwhich changes hands with an increase of 8.26%.
The banking group founded by Corrado Passera and listed on Euronext STAR Milan, announced this week that the closing of the agreement with the Finwave/OCS Group (controlled by funds managed by Apax Partners) has been completed. Specifically, the closing involved the transfer of 52% of the shares of the NewCo called altermAInd for a consideration of 62.4 million euros.
On a weekly basis, the stock’s trend is more solid than that of FTSE Italia Star. At the moment, therefore, the appeal of investors is aimed more decisively at bank founded by Corrado Passera compared to the reference index.
The technical status of Illimity Bank shows signs of worsening with a support area set at 3.211 Euros, while on the upside the resistance area is identified at 3.397. For the next session we could see a new bearish trend with a target probably estimated at 3.093.