NET INSURANCE: Translisting from Euronext Growth Milan to Euronext STAR Milan
NET INSURANCE is an insurance company offering protection solutions for individuals, families and small and medium-sized businesses. Its history, financial strength, agility, and innovative products and approaches make it a key player in the Italian insurance scene. The Company’s offer is dedicated to the development of insurance coverage related to the world of salary-backed loans, to the universe of protection – through non-motor damage bancassurance and the reality of retail brokers – and to the galaxy of Insurtech, thanks to agreements with major technology partners.
NET INSURANCE recorded gross premiums of Euro 149.3 million, a technical result of Euro 26.4 million and a total net profit of Euro 11.3 million in 2021.
Trading on Euronext STAR Milan is scheduled to begin on 1 August 2022, with simultaneous delisting from Euronext Growth Milan.
Banca Akros acted as Sponsor in the transaction.
The transaction confirms Banca Akros’s leadership among banking operators in accompanying companies with the role of Sponsor in the context of translisting from Euronext Growth Milan to the main market, decisively supporting the growth and development paths of Italian Mid-Caps.
Advertising message for promotional purposes. For the economic and contractual conditions, please refer to the information sheets available at the bank’s branches and on the website in the Transparency section.