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BE Group AB ( (SE:BEGR) ) has shared an update.
BE Group AB has announced a rights issue with preferential rights for existing shareholders, aiming to raise approximately SEK 143 million before issue costs. The company has published an information document in accordance with EU regulations, which has been registered with the Swedish Financial Supervisory Authority. This rights issue is part of BE Group’s strategic initiatives to strengthen its financial position and support its operations in the steel distribution industry.
The most recent analyst rating on (SE:BEGR) stock is a Hold with a SEK34.00 price target. To see the full list of analyst forecasts on BE Group AB stock, see the SE:BEGR Stock Forecast page.
More about BE Group AB
BE Group AB, listed on the Nasdaq Stockholm exchange, is a leading independent steel distributor that specializes in storing and processing steel, stainless steel, and aluminium. The company primarily serves the construction and manufacturing industries, offering production services that allow customers to order customized steel components. In 2024, BE Group reported sales of SEK 4.7 billion and employs approximately 560 people, with Sweden and Finland as its largest markets. The headquarters is located in Malmö, Sweden.
YTD Price Performance: -25.95%
Average Trading Volume: 8,037
Technical Sentiment Signal: Sell
Current Market Cap: SEK577.8M
Learn more about BEGR stock on TipRanks’ Stock Analysis page.