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Cavotec SA ( (SE:CCC) ) has provided an update.
Cavotec SA has applied for the delisting of its shares from Nasdaq Stockholm following the acquisition of a majority stake by Cavotec Group AB (CGAB). This move is part of a strategic plan to change the company’s domicile from Switzerland to Sweden and involves a statutory merger with a newly established Swiss entity, facilitating CGAB’s indirect acquisition of remaining shares in Cavotec SA.
More about Cavotec SA
Cavotec is a leading cleantech company that designs and delivers connection and electrification solutions to enable the decarbonisation of ports and industrial applications. With 50 years of experience, Cavotec ensures safe, efficient, and sustainable operations for a wide variety of customers and applications worldwide.
Average Trading Volume: 22,600
Current Market Cap: SEK1.8B
Learn more about CCC stock on TipRanks’ Stock Analysis page.