We have identified an attractive European investment opportunity: the company is currently doing a significant repositioning and is expected to benefit from a significant pro-forma valuation re-rating once it will have completed its re-organization over next couple of months.

The situation is more attractive timingwise as it currently facing a couple of one-off headwinds, depressing the share price further and presenting a current attractive entry point Р currently the trade represents asymmetric pay-off opportunity with 25-30% upside and 10-15% downside, with large number of specific positive hard catalysts expected over next couple of months.