Insiders

Montinvest increases stake in Sabaf

July 08, 2024 at 12:52 pm EDT

(Alliance News) - Sabaf Spa on Monday disclosed that shareholder Montinvest Srl, a company controlled by Fulvio Montipò, founder and chairman of Interpump Group Spa, has increased its stake in Sabaf Spa through the purchase of 75,000 shares, equal to 0.59 percent of the share capital.

Thus, Montinvest currently holds a stake in Sabaf equal to 9.73 percent of the share capital and 6.62 percent of the voting rights.

For all the shares held, Montinvest has applied for the voting rights surcharge, which provides for the allocation of two votes for each share held continuously for at least 24 months from the time of its registration in the relevant special list, according to the note released by the company.

On Monday, Sabaf closed 1.5 percent in the red at EUR16.40 per share.

By Claudia Cavaliere, Alliance News reporter

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	Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
	SABAF S.P.A.	16.4 EUR	-1.50%	-1.20%	224M

Fulvio Montipò

Founder of Interpump Group SpA, Fulvio Montipò is a businessperson who has been at the head of 10 different companies and presently is Chairman, President & Chief Executive Officer at this company and Chairman & Managing Director at Interpump Hydraulics International SpA, Chairman & Managing Director at Interpump Engineering SRL, Chairman & Managing Director at General Technology SRL, Managing Director at Hydro Service Penta SpA and Managing Director at Cover SRL (which are all subsidiaries of Interpump Group SpA). Fulvio Montipò is also on the board of 5 other companies. In the past he was Chairman at FinecoBank SpA, Director General at Bertolini Idromeccanica SpA, Managing Director at Modenflex Hydraulics Srl, Managing Director at Contarini Leopoldo SRL and Organizational Director & Personnel Manager at Bertolini SpA. Mr. Montipò received an undergraduate degree from the University of Trento.

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Linked companies
INTERPUMP GROUP S.P.A.	Founder
Interpump Hydraulics International SpA Interpump Hydraulics International SpA Wholesale DistributorsDistribution Services Part of Interpump Group SpA, Interpump Hydraulics International SpA is an Italian company that supplies hydraulic and mechanical products. The company is based in Nonantola, Italy. The CEOs of the company are Fulvio Montipò, Paolo Marinsek.	Chief Executive Officer