tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Duroc Sells IFG Asota to Beaulieu, Sharpening Shift Toward Industrial & Trading

Story Highlights
  • Duroc is selling fibre unit IFG Asota to Beaulieu, becoming pro forma net debt-free despite a book loss.
  • The divestment accelerates Duroc’s exit from European fibre and polymer operations to fund growth in profitable Industrial & Trading businesses.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Duroc Sells IFG Asota to Beaulieu, Sharpening Shift Toward Industrial & Trading

Claim 50% Off TipRanks Premium

Duroc AB Class B ( ($SE:DURC.B) ) has issued an announcement.

Duroc AB has agreed to sell all shares in its Linz-based fibre subsidiary IFG Asota GmbH to Beaulieu International Group for an enterprise value of about SEK 175 million, a move that will leave the group pro forma net debt-free despite an accounting loss of around SEK 35 million on the deal. Alongside the divestment, IFG Exelto NV has signed a toll manufacturing agreement with the buyer, which will also acquire production equipment for EUR 3 million and obtain an option to assess a purchase of UK unit IFG Drake Limited, underscoring Duroc’s broader strategy to exit its structurally challenged European fibre and polymer business and redeploy capital into acquisitions and expansion within its stronger Industrial & Trading operations; the transaction, expected to close in February 2026 subject to regulatory approvals, marks a key step in the group’s ongoing strategic rebalancing aimed at delivering more stable long-term value for shareholders.

The most recent analyst rating on ($SE:DURC.B) stock is a Sell with a SEK14.00 price target. To see the full list of analyst forecasts on Duroc AB Class B stock, see the SE:DURC.B Stock Forecast page.

More about Duroc AB Class B

Duroc AB is a Stockholm-listed industrial group that acquires, develops and manages companies in industry and trade, leveraging deep technological and market expertise to build strong positions in their respective niches. The company is currently shifting its portfolio away from capital‑intensive, cyclical polymer and fibre operations towards its more profitable and growing Industrial & Trading segment.

Average Trading Volume: 6,156

Technical Sentiment Signal: Strong Sell

Current Market Cap: SEK610.3M

For an in-depth examination of DURC.B stock, go to TipRanks’ Overview 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