(Finance) – Continue running to Piazza Affari the title Newlat Foodan Italian multi-brand group in the agri-food sector and listed on Euronext STAR Milan, after yesterday announcing the intention to acquire 100% of the share capital of Princes, a historic UK-based food group, for £700 million. With the acquisition of Princes, Newlat Food will achieve a consolidated turnover of approximately €3 billion and a strong position in new categories in the UK market.
Furthermore, the food group is looking carefully at Italy for any new M&A operationsPresident Angelo Mastrolia stated yesterday in an interview with Class CNBC.
Excellent performance Newlat FoodThat it stands at 7.48 euroswith a increase of 4.91%. The stock closed yesterday at 7.13 euros per share, compared to 6.34 euros on Friday. At an operational level, a continuation of the bullish session is expected with resistance seen at 7.573 and subsequently at 7.843. Support at 7.303.
(Photo: Newlat)