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Genova Property Group AB ( (SE:GPG) ) just unveiled an announcement.
Genova Property Group AB announced the publication of an exemption document for a directed issue of up to 600,000 ordinary shares to the general public in Sweden, deviating from existing shareholders’ preferential rights. This move, authorized by the Annual General Meeting, aims to enhance the company’s financial flexibility and market presence, with the document registered with the Swedish Financial Supervisory Authority and available on the company’s and Avanza Bank’s websites.
The most recent analyst rating on (SE:GPG) stock is a Hold with a SEK52.00 price target. To see the full list of analyst forecasts on Genova Property Group AB stock, see the SE:GPG Stock Forecast page.
More about Genova Property Group AB
Genova Property Group AB is a dynamic property company in Sweden, focusing on sustainable value growth through active property management, urban development, project development, and property transactions. The company owns properties valued at approximately SEK 9.5 billion and has been listed on Nasdaq Stockholm since 2020.
Average Trading Volume: 3,739
Current Market Cap: SEK2.09B
Learn more about GPG stock on TipRanks’ Stock Analysis page.