PARIS, Feb 15 (Reuters) – Spie rose sharply on the Paris Stock Exchange on Tuesday after reports that the group was targeted by activist fund Amber Capital, which however denied hostile intentions.
At 9:27 am, the action of the group specializing in energy services gained 2.87% to 21.48 euros when the SBF 120 rose at the same time by 1.2%.
According to BFM Business, Amber Capital has decided to launch a “campaign” against the company in which it holds a stake of less than 1%. The activist fund is trying to push the company to sell itself, the channel explains.
In a press release, Amber Capital says it has “no intentions attributed to it in this article”.
“As with all of its holdings, Amber Capital has initiated a constructive and peaceful discussion with the company’s management to discuss the group’s strategy and outlook,” adds the fund.
Contacted, Spie did not immediately respond to a request for comment. (Report Blandine Hénault, edited by Jean-Michel Bélot)
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