Maire's shares rise on €1.3 bln order to build plant in Argentina

Maire SpA

20/07/2026 09:21

** Shares in Italy's Maire MTCM.MI rise 2.5% after its unit Tecnimont won a €1.3 billion ($1.5 billion) contract to build a fertilizer plant in Argentina 
** The plant will be the largest urea complex in Latin America by production and is expected to be completed in over three years, group said
** Broker Equita says the contract represents about 14% of the Italian engineering group's estimated 2026 order intake
** It adds the order is in line with the commercial momentum and contributes significantly to the €9-billion FY order intake target
** Including Monday's rise, the stock has gained 8.6% YTD
     
($1 = 0.8737 euros)

(Reporting by Fabrizio La Rocca)
((Fabrizio.larocca@thomsonreuters.com))