Italy's Saras up on report Moratti family approached about stake buy
08/02/2024 09:47
** Shares of Saras SRS.MI rise as much as 5.2%
** Bloomberg news reported on Wednesday global energy trader
Vitol reached out to Saras' majority shareholder Moratti family
to buy a stake in the group
** On the backdrop of the war in Ukraine and Suez canal
disruptions, brokerage Equita says Vitol's interest in Saras
might be "strategic" given the group positioning in the
Mediterranean
** Moratti family cumulative holds 40% of Saras shares
** Co declined to comment on Bloomberg report
** By 0945 GMT, the stock is up 1.1%
(Reporting by Federica Urso)
((Federica.urso@tr.com))