EuroGroup Laminations tumbles, FountainVest-EMS deal collapses after no India clearance

Eurogroup Laminations SpA

16/02/2026 12:16

** Shares in EuroGroup Laminations EGLA.MI fall as much as 57% after Chinese private equity firm FountainVest called off a deal to buy a major stake from top shareholder EMS, with the parties unable to secure regulatory approval in India

** The stock is on track for the worst day ever after failing to start trading at open, hitting a record low of 1.5 euro/share during the session

** "The activities in India relate to the 40% stake of EGLA in Kumar," Equita analyst Alberto Gegra says in a note, adding that talks to find alternative solutions ultimately failed, leading to the termination of the July agreement

** EMS Euro Management Services last year agreed to sell its 45.7% stake in EuroGroup Laminations to an investment vehicle owned by FountainVest for 3.85 euros per share

 (Reporting by Laura Contemori)

 ((Laura.contemori@thomsonreuters.com))