BUZZ-Italy's CIR, Sogefi jump after holding signs deal to raise KOS stake to 100%

Reuters
2025/11/20
BUZZ-Italy's CIR, Sogefi jump after holding signs deal to raise KOS stake to 100%

** Shares in CIR rise over 10% after Italian holding company signed a 220 million euros ($253.31 million) deal with fund F2i to buy 40% of long-term care group KOS, upping its stake to 100%

** After the acquisition, CIR still has over 140 million euros that may be used to resume dividend payment, or increase KOS' capital to finance new acquisitions, Equita notes

** "This is a further step towards the transformation from a holding company into a pure nursing homes company" - Equita

** The deal raises the weight of KOS on the holding company's net asset value $(NAV)$ to 59% from about 37%, Equita says

** The remaining business of automotive parts supplier Sogefi SGFI.MI, of which CIR holds a stake of around 60%, may be also sold in the medium term once the suspension segment will be "definitively" relaunched, it adds

** Sogefi, at its current valuation, stands at 24% of CIR's NAV

** Sogefi shares rise as much as 6.5%

** Up to the previous session's close, CIR was up 9.8%​ YTD, Sogefi shares were up 55.9% YTD

($1 = 0.8685 euros)

(Reporting by Philippe Leroy Beaulieu in Gdansk)

((Philippe.leroybeaulieu@thomsonreuters.com))

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