Italy's Tinexta jumps on media report of buyout talks

Tinexta SpA

18/07/2025 10:58

** Shares of Italy's Tinexta TNXT.MI jump as much as 17.3% to 14.1 euros

** Daily Il Corriere della Sera reports that private equity funds Nextalia and Advent are in talks to buy a controlling stake in the cybersecurity services company

** It says the firms valued the company at 700 million euros ($814.45 million) or 15.4 euros/shr

** Broker Banca Akros says this is "a reasonable level from which to start a take-over discussion"

** If confirmed, the premium would be of over 18% to its PT of 13 euros and 28% to Thursday's close of 12.02 euros, the broker adds

** As of 0955 GMT, Tinexta is up 13.5% at 13.64 euros

($1 = 0.8595 euros)

 (Reporting by Philippe Leroy Beaulieu)

 ((Philippe.leroybeaulieu@tr.com))