Italy's NewPrinces slides for second day, company says no reason for selloff

Newprinces SpA

02/04/2026 11:22

** Shares in Italy's NewPrinces NWLF.MI fall more than 10% to 14.9 euros, extending sharp losses after closing 20% lower on Wednesday

** There is no inside information, material news or extraordinary event of a negative nature capable of justifying the recent share price performance - NewPrinces

** Recent trading volume and price anomalies are unrelated to NewPrinces' fundamentals and have been reported to Italy's market watchdog Consob and Borsa Italiana, the food and retail group says

** The company confirms it will continue to buy back shares under its existing programme

** Analysts' median price target on the stock is 29.50 euros  ($34.01), and is unchanged over the last 30 days - LSEG data

($1 = 0.8675 euros)

 (Reporting by Philippe Leroy Beaulieu in Gdansk)

 ((Philippe.leroybeaulieu@tr.com))