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BE Group AB ( (SE:BEGR) ) has shared an update.
BE Group AB’s rights issue was heavily oversubscribed, with approximately 229 percent of the shares subscribed, resulting in the company raising approximately SEK 143 million before transaction costs. This successful rights issue will increase BE Group’s share capital significantly and is expected to strengthen its financial position, potentially enhancing its market operations and stakeholder confidence.
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, listed on the Nasdaq Stockholm exchange, is a leading independent steel distributor specializing in storing and processing steel, stainless steel, and aluminium for the construction and manufacturing industries. The company offers production services for customized steel components, enhancing production processes for its clients. With a reported sales figure of SEK 4.7 billion in 2024, BE Group employs approximately 560 people, with its largest markets in Sweden and Finland. The headquarters is located in Malmö, Sweden.
Average Trading Volume: 10,737
Technical Sentiment Signal: Sell
Current Market Cap: SEK503.4M
Learn more about BEGR stock on TipRanks’ Stock Analysis page.