Trafigura further raises stake in Italian refinery Saras to 13.52%
05/07/2023 16:16
ROME, July 5 (Reuters) - Global commodities trader
Trafigura has further raised its stake in Italian oil refiner
Saras SRS.MI to 13.52% from 12.46% disclosed in May, an
internal dealing statement showed on Wednesday.
The statement said Trafigura bought more shares in Saras,
via Urion Holdings, in three separate transactions on June
27-28-29.
Milan-listed shares in Saras, controlled by the Moratti
family, have jumped following the announcement. They were up by
about 10% at around 1500 GMT.
(Reporting by Alvise Armellini, editing by Gianluca Semeraro)
((alvise.armellini@thomsonreuters.com;))