By 11:20 a.m. in Lisbon, shares of Impresa, which faced a trading suspension earlier in the session, were trading at 0.18 euros after closing at 0.13 euros on Friday.
Following the lifting of the suspension, approximately five million shares of Impresa changed hands, amounting to transaction values of around 872,000 euros.
Trading of shares in Impresa – SGPS, SA was suspended by the Board of Directors of the Securities Market Commission (CMVM) on Friday “to allow the market to absorb the information disseminated at that time,” it was announced today.
In a statement released Saturday by the CMVM, Impresa mentions negotiations with the Italian group MFE, controlled by the family of Silvio Berlusconi, for the acquisition of “a significant stake” in the owner of SIC and Expresso.
The CMVM note states, “In light of media reports, Impresa informs that it has been communicated by its majority shareholder that it is engaged in exclusive contacts with the MFE group to evaluate potential corporate operations for acquiring a significant stake in Impresa, although as of this date, there is no binding agreement between the shareholder and MFE for this purpose.”
The group also stated that “should there be any privileged information, it will be communicated to the market.”
The news was initially reported by the Italian newspaper Il Messaggero, which highlighted MFE’s interest in acquiring a stake in Impresa.
[Updated at 11:46 a.m.]
