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Borregaard ASA ( (GB:0QB7) ) has provided an announcement.
Borregaard ASA is co-investing with Must Invest and Hatteland Group in a direct offering of new shares in Alginor, raising NOK 100 million. They will also underwrite a subsequent rights issue for NOK 50 million, bringing the total new equity to NOK 150 million. Borregaard’s equity contribution will range from NOK 55 to 83 million, resulting in an ownership share of 36% to 43% in Alginor. This investment will increase Borregaard’s total investments in Alginor to between NOK 474 and 502 million.
More about Borregaard ASA
YTD Price Performance: -4.88%
Average Trading Volume: 4,838
Technical Sentiment Consensus Rating: Hold
Current Market Cap: NOK17.25B
See more data about 0QB7 stock on TipRanks’ Stock Analysis page.