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An announcement from BICO Group AB Class B ( (SE:BICO) ) is now available.
BICO Group AB has repurchased convertible bonds amounting to SEK 98 million as part of its strategy to optimize its capital structure and reduce long-term debt. This buyback, conducted through a safe harbour approach with DNB Carnegie Investment Bank AB as Dealer Manager, reduces the outstanding convertible bonds to SEK 1,008 million, reflecting BICO’s ongoing evaluation of the bond market to manage its liquidity needs.
More about BICO Group AB Class B
BICO Group AB is a lab automation partner and provider of selected workflows to the pharmaceutical and biotech industries. With over 48,000 instruments installed in more than 65 countries, BICO’s products, software, and solutions are utilized in over 3,500 laboratories, including the world’s top 20 pharmaceutical companies. The company operates through two main business areas: Lab Automation and Life Science Solutions, and is listed on the Mid-Cap, Nasdaq Stockholm under the ticker BICO.
YTD Price Performance: 10.24%
Average Trading Volume: 137,359
Technical Sentiment Signal: Sell
Current Market Cap: SEK2.49B
For an in-depth examination of BICO stock, go to TipRanks’ Overview page.