Saras S.p.A.

Equities

SRS

IT0000433307

Oil & Gas Refining and Marketing

Market Closed - Borsa Italiana Other stock markets 11:44:59 2024-07-05 am EDT			5-day change	1st Jan Change
1.625 ^EUR	+0.03%		+0.43%	+0.56%

Jun. 20	Futures bullish; PPI Germany in deflation	AN
Jun. 19	Indices weak without New York; banks still up	AN

Vitol, EC green light to acquire controlling stake in Saras

June 07, 2024 at 01:34 am EDT

(Alliance News) - Saras Spa on Thursday evening announced that Vitol B.V. has received clearance from the European Commission to proceed with the merger to acquire a controlling stake in the share capital of Saras Spa.

The transaction was disclosed to the market last February.

Obtaining the merger clearance was one of the necessary conditions for the completion of the transaction.

Saras closed Thursday's session 1.0 percent in the red at EUR1.62 per share.

By Maurizio Carta, Alliance News reporter

Comments and questions to redazione@alliancenews.com

Go to the original article.
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Latest news about Saras S.p.A.

Futures bullish; PPI Germany in deflation	Jun. 20	AN
Indices weak without New York; banks still up	Jun. 19	AN
Vitol Completes Acquisition of Moratti Family’s Stake in Saras Group	Jun. 18	MT
Vitol launches takeover bid for Saras at EUR1.60 per share	Jun. 18	AN
Saras, Vitol takes over Moratti family stakes; board renewed	Jun. 18	AN
Vitol Group completed the acquisition of 35.019% stake in Saras S.p.A. (BIT : SRS) from Angel Capital Management S.p.a., Massimo Moratti Societa In Accomandita Per Azionidi Massimo Moratti and Stella Holding Spa.	Jun. 17	CI
Futures up; retail sales increase in China	Jun. 17	AN
More selling in Europe; down banks and industrials	Jun. 14	AN
Vitol closer to taking over 35 percent of Saras, then will launch takeover bid	Jun. 13	AN
Crude oil from Kurdistan case, Saras managers acquitted	Jun. 11	AN
Indices down; Leonardo and Tenaris save themselves on the Mib.	Jun. 10	AN
Futures down after European elections	Jun. 10	AN
Indices down; Leonardo tops the Mib	Jun. 07	AN
European Commission Approves Vitol's Saras Acquisition	Jun. 07	MT
Mib brakes; good Intercos on mid-cap	Jun. 07	AN
Mib slightly down; Tenaris is best performer	Jun. 07	AN
Vitol Obtains European Commission Clearance for Saras Stake Purchase	Jun. 07	MT
Vitol, EC green light to acquire controlling stake in Saras	Jun. 07	AN
EU might crown Qatar LNG over the US under the recently-enacted methane regulation	May. 29
SARAS : Q1: Margin revival sets the stage for a refining profit upturn ahead	May. 16
Transcript : Saras S.p.A., Q1 2024 Earnings Call, May 14, 2024	May. 14
Saras, profit plummets in first quarter; production stable	May. 14	AN
Saras S.p.A. Reports Earnings Results for the First Quarter Ended March 31, 2024	May. 13	CI
Stock markets expected in green ahead of GDP and inflation	Apr. 30	AN
Stock markets mixed, eyes on Middle East and Fed	Apr. 29	AN

Chart Saras S.p.A.

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Company Profile

Saras SpA is an Italy-based company active in the energy sector. The Company operates refineries in Europe. The Company's activities are divided into five segments. The Refining segment refines crude oil into petroleum products at Sarroch refinery. The Marketing segmentâs activities focus on the wholesale of oil products aimed at smaller-sized customers, off-network customers and oil companies, as well as third-party operators and the Company-owned service stations, supermarkets and resellers. The Power Generation segment, through Sarlux Srl, focuses on the sale of electricity located within industrial complex in Sarroch. The Wind segment, through Sardeolica Srl, encompasses the production of electricity from renewable sources at the Ulassai wind farm. The Other segment includes environmental protection, measurement system, industrial efficiency and energy saving services.

Sector

Oil & Gas Refining and Marketing

Calendar

2024-07-30 - Q2 2024 Earnings Call

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Income Statement Evolution

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Analysis / Opinion

SARAS : Q1: Margin revival sets the stage for a refining profit upturn ahead

May 16, 2024 at 12:04 pm EDT

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Ratings for Saras S.p.A.

Trading Rating

Investor Rating

ESG Refinitiv

C+

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Analysts' Consensus

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

1.625 EUR

Average target price

1.7 EUR

Spread / Average Target

+4.62%

Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

Sector Petroleum Refining

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Petroleum Refining