Franchi Umberto Marmi S.p.A.

FUM

IT0005335754

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End-of-day quote Borsa Italiana Other stock markets 03:30:00 05/07/2024 am IST			5-day change	1st Jan Change
5.75 ^EUR	+0.88%		+2.68%	-16.42%

01/07	Franchi Umberto Marmi's warrants are not exercisable in July	AN
11/06	Futures cautiously up; focus on Fed	AN

Franchi Umberto Marmi acquires 49 percent of FUM Australia

March 01, 2023 at 02:02 pm IST

(Alliance News) - Franchi Umberto Marmi Spa announced on Wednesday that it has finalized the acquisition of 49 percent of FUM Australia Pty Ltd, a company incorporated under Australian law, at the same time entering into an option agreement concerning the discretionary and unconditional right to purchase an additional stake representing 2 percent of its share capital.

Franchi Umberto Marmi has been present in the Australian market since November 2019 through a 49 percent stake in Franchi Umberto Marmi Australia Pty Ltd, the company that owns the Sydney showroom.

"The participation in FUM Australia Pty Ltd will also guarantee the company access to a garrison represented by a showroom in Melbourne," the company explained in a note.

It is planned that FUM Australia, with a view to rationalization, will acquire the entire share capital of Franchi Umberto Marmi Australia Pty, thus bringing together under one vehicle all of FUM's activities in the Australian territory.

FUM is unchanged at EUR9.30 per share.

By Claudia Cavaliere, Alliance News reporter

Comments and questions to redazione@alliancenews.com

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Latest news about Franchi Umberto Marmi S.p.A.

Franchi Umberto Marmi's warrants are not exercisable in July	01/07	AN
Futures cautiously up; focus on Fed	11/06	AN
Europe bearish; Piquadro good after accounts	10/06	AN
Mib bearish; Leonardo soars among bluechips	10/06	AN
Franchi Umberto Marmi's warrants are not exercisable in June	03/06	AN
Franchi Umberto Marbles, revenues down double digits in quarter	15/05	AN
Franchi Umberto Marmi's warrants are not exercisable in May	02/05	AN
Futures up; wait for Eurozone PMI	23/04	AN
Mib bearish; DiaSorin closes ahead of all	22/04	AN
ITALY GROWTH WINNERS & LOSERS: FUM bullish; Plants at new low	22/04	AN
Franchi Umberto Marmi's warrants are not exercisable in April	02/04	AN
FUM reports profit and revenue down in 2023; there is dividend	28/03	AN
Franchi Umberto Marmi S.p.A. Reports Earnings Results for the Full Year Ended December 31, 2023	28/03	CI
Franchi Umberto Marmi's warrants are not exercisable in March	01/03	AN
Franchi Umbero Marbles, revenues slightly down in 2023	15/02	AN
Milan rises to 31,500; Prysmian leads the way	15/02	AN
Mib rises; UK and Japan in technical recession	15/02	AN
Indices up; London best after inflation data	14/02	AN
FUM, warrants are not exercisable in February	01/02	AN
Franchi Umberto Marmi S.p.A. acquired 50% stake in Ingegner Giulio Faggioni Carrara Srl from Giulio Vanelli Marmi - La Civiltà del Marmo Srl.	22/01	CI
FUM, warrants are not exercisable in January	03/01	AN
Franchi Umberto Marmi's warrants are not exercisable in December	01/12	AN
Europeans up; UniCredit at bottom of Mib.	30/23/30	AN
Stock markets mixed; Brent crude above USD89	30/23/30	AN
Mib closes down, no boost from results	27/23/27	AN

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Company Profile

Franchi Umberto Marmi SpA is an Italy-based company specialized in the provision of Carrara white marble in blocks, slabs and other different shapes. It offers a wide range of marble varieties extracted from quarries in the surroundings of Carrara. It also manages a showroom. Its product offering incudes a variety of different decorative indoor and outdoor products, such as benches, lamps, vases and fountains, among others.

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