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BE Group AB ( (SE:BEGR) ) has shared an update.
BE Group AB announced the successful completion of its heavily oversubscribed rights issue, raising approximately SEK 143 million before transaction costs. The rights issue, which saw a subscription rate of 229 percent, will increase the company’s share capital and total number of shares significantly, with new shares expected to begin trading on Nasdaq Stockholm by the end of September 2025. This financial move is poised to strengthen BE Group’s capital structure and support its strategic initiatives, reflecting strong investor confidence in the company’s market position.
The most recent analyst rating on (SE:BEGR) stock is a Hold with a SEK26.00 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 is a leading independent steel distributor listed on the Nasdaq Stockholm exchange. The company specializes in storing and processing steel, stainless steel, and aluminium for the construction and manufacturing industries. It offers production services that allow customers to order customized steel components, enhancing their production processes. With headquarters in Malmö, Sweden, BE Group reported sales of SEK 4.7 billion in 2024 and employs approximately 560 people, with Sweden and Finland as its largest markets.
Average Trading Volume: 11,257
Technical Sentiment Signal: Sell
Current Market Cap: SEK516.1M
For a thorough assessment of BEGR stock, go to TipRanks’ Stock Analysis page.