Italy's NewPrinces down after Carrefour Italia acquisition announcement

Newprinces SpA

25/07/2025 12:01

** Shares of Italian food and drinks manufacturer NewPrinces Group NWLF.MI fall 11.5% following the announcement of its acquisition of Carrefour Italia

** Shares down at 18.94 euros at 10:48 GMT, lowest since July 15

** A trader notes the market is concerned about debt after the acquisitions campaign, all highly exposed to the economic cycle

** Equita adds "in the press release, the company indicates that the financial leverage should not undergo material changes, apparently in contrast with the indication of an EV of 1 billion euros"

** The brokerage foresees a 2026 net debt/EBITDA of 1.7 times for the group including the acquisition of Plasmon, without including in its estimates the acquisition of the Spirits plant in Piedmont and real estate in Britain

** Carrefour Italia operates 1,188 stores in Italy, mostly in the northwest and central regions of the country

($1 = 0.8522 euros)

(Reporting by Laura Contemori)

((Laura.contemori@thomsonreuters.com))