Italy's doValue jumps on $400 million coeo acquisition announcement

doValue

18/07/2025 09:34

** Shares of doValue DOVA.MIrise as much as 9.4% to 2.35 euros

** Group says it agreed to buy Germany's digital receivables management platform coeo for 350 million euros ($406.88 million)

** Brokerage Banca Akros says acquisition enhances debt collector's technological capabilities and "provides exposure to high growth markets and blue chip clients"

** Marks DOVA's entry into northern Europe and can improve its geographical diversification, Equita says

** Average rating from five analysts is "buy", median PT is 2.5 euros - data compiled by LSEG

** YTD, shares were up 49.4%​, as of last session's close

($1 = 0.8602 euros)

 (Reporting by Philippe Leroy Beaulieu in Gdansk)

 ((Philippe.leroybeaulieu@thomsonreuters.com))