Greenvolt's IPO valuation lifts parent Altri's shares

Altri, SGPS

02/07/2021 16:40

** Shares in Portuguese pulp producer Altri  ALSS.LS  jump
almost 5% after fully owned Greenvolt says on Friday it is
targeting a valuation between 543 million euros ($642.48
million) and 581 million euros
    ** Altri leads Lisbon's PSI20  .PSI20  index
    ** Greenvolt increased the money it plans to raise through
stock market listing to 206 million euros from 150 million euros
that it had stated last week  urn:newsml:reuters.com:*:nL2N2OE0GC
    ** Portuguese biomass energy firm listing is planned on July
13 and will include up to 25.2% of its shares
    ** Today's gains add 51.4 million euros to the pulp
producer's market capitalization
    ** Out of 6 analysts that cover Altri, four rate the stock
"strong buy" or "buy,"​ and two rate it "strong sell" or "sell"

($1 = 0.8452 euros)

 (Reporting by Aida Pelaez-Fernandez)
 ((Aida.Pelaez-Fernandez@thomsonreuters.com; +48 58 769 65 94;))