Altri shares top PSI20 index as key investors increase holdings

Altri, SGPS

14/06/2024 11:31

** Shares in Altri  ALSS.LS  jump around 5% to the top of
Portugal's blue chip PSI20  .PSI20  index after two major
shareholders increase their stakes in the pulp producer
    ** Borges de Oliveira has recently bought 1.4 mln shares in
the company equal to 0.68% of its share capital, while Paulo
Fernandes bought 597,000 shares, Altri said in stock exchange
filings on Thursday
        ** That brings de Oliveira's holding in the company to
32.4 mln shares or 15.79% of share capital; Fernandes now holds
27.5 million shares in Altri, representing 13.42% stake
  
    ** "It's worth noting that there are two relevant
shareholders who are reinforcing almost simultaneously," AS
Independent Research analyst Antonio Seladas says
    ** If gains hold, Altri's stock will see its best day since
November


 (Reporting by Maria Luiza Amaral)
 ((Mia.Amaral@thomsonreuters.com;))