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An announcement from BE Group AB ( (SE:BEGR) ) is now available.
BE Group AB has initiated a rights issue to raise approximately SEK 143 million, aimed at strengthening its balance sheet. The rights issue is fully backed by the company’s largest shareholders, AB Traction and Svedulf Fastighets AB, who have committed to subscribing to their pro-rata shares and providing guarantee undertakings for the remaining shares. This financial move is expected to solidify BE Group’s financial position, potentially enhancing its market standing and operational capabilities.
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 prominent independent steel distributor that specializes in storing and processing steel, stainless steel, and aluminum. The company primarily serves the construction and manufacturing industries, offering customized steel components to enhance production processes. With reported sales of SEK 4.7 billion in 2024, BE Group employs approximately 560 people, with Sweden and Finland being its largest markets. The headquarters is located in Malmö, Sweden.
Average Trading Volume: 7,997
Technical Sentiment Signal: Sell
Current Market Cap: SEK577.8M
See more data about BEGR stock on TipRanks’ Stock Analysis page.