|Bid||8.68 x 0|
|Ask||8.69 x 0|
|Day's Range||8.68 - 8.70|
|52 Week Range||4.41 - 8.79|
|Beta (5Y Monthly)||0.82|
|PE Ratio (TTM)||70.57|
|Earnings Date||Nov 10, 2021|
|Forward Dividend & Yield||0.07 (0.77%)|
|Ex-Dividend Date||May 24, 2021|
|1y Target Est||7.64|
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(Bloomberg) -- Italy’s Falck Renewables SpA will sell its founding family’s 60% holding in the company to an investment vehicle run by JPMorgan Chase & Co, in a deal valuing the company at nearly $3 billion. Most Read from BloombergGoogle’s Biggest Moonshot Is Its Search for a Carbon-Free FutureA $30 Billion Fortune Is Hiding in China’s Silicon ValleyGoogle’s CEO: ‘We’re Losing Time’ in the Climate FightBeef Industry Tries to Erase Its Emissions With Fuzzy Methane MathHate-Speech Case Forces Jap
Italy's Falck family of industrial magnates will receive 1.5 billion euros ($1.8 billion) from the sale of its controlling stake in Falck Renewables to a JPMorgan-owned infrastructure fund, the company said on Wednesday. Under the agreement, Infrastructure Investment Fund (IIF), which is run by JPMorgan Investment Management, will pay 8.81 euros ($10) per share to buy a 60% stake in Falck Renewables, the statement said. Shares in Falck Renewables jumped 14% to 8.705 euros in mid-morning trading in Milan on Wednesday.
The accord signifies Eni's (E) focus on renewable energy since it has been a challenge to supply sustainable cleaner energy while combating climate change.