tiprankstipranks
Advertisement
Advertisement

DNB Bank ASA Reduces Stake in Vow ASA Through Share Sale

Story Highlights
DNB Bank ASA Reduces Stake in Vow ASA Through Share Sale

Claim 55% Off TipRanks

An announcement from Vow ASA ( (SSHPF) ) is now available.

Vow ASA has announced that DNB Bank ASA has sold 35,823,328 existing shares through an accelerated bookbuilding offering, representing approximately 12.29% of the outstanding shares in the company, at a price of NOK 2.40 per share, totaling approximately NOK 86 million. This transaction has resulted in DNB Bank ASA falling below the 20% and 15% thresholds of share capital and voting rights in Vow ASA, impacting the company’s shareholder structure and potentially influencing its market positioning.

The most recent analyst rating on (SSHPF) stock is a Hold with a NOK1.60 price target. To see the full list of analyst forecasts on Vow ASA stock, see the SSHPF Stock Forecast page.

More about Vow ASA

Average Trading Volume: 1,685,502

Current Market Cap: NOK916M

See more data about SSHPF stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1