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HANZA Boosts Share Capital After Completing BMK Group Acquisition

Story Highlights
  • HANZA issued nearly 17 million new shares for the BMK Group acquisition, raising total shares to 62.96 million.
  • The share-capital increase supports HANZA’s acquisitive growth strategy and strengthens its global manufacturing platform.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
HANZA Boosts Share Capital After Completing BMK Group Acquisition

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Hanza AB ( (SE:HANZA) ) has shared an update.

HANZA AB has increased its registered share capital to SEK 6,295,933.80 and its total number of shares to 62,959,338 following the issuance of 16,999,998 new shares as part of the consideration for its recently completed acquisition of BMK Group GmbH. The all-share component of the BMK transaction expands HANZA’s capital base and share count, underlining the company’s strategy of scaling its global manufacturing and advisory platform through acquisitions, which may further strengthen its position with large industrial customers and broaden its geographic and operational footprint.

The most recent analyst rating on (SE:HANZA) stock is a Hold with a SEK149.00 price target. To see the full list of analyst forecasts on Hanza AB stock, see the SE:HANZA Stock Forecast page.

More about Hanza AB

HANZA is a global knowledge and manufacturing company that focuses on modernizing and streamlining industrial production through supply chain advisory services and its own factories organized in regional manufacturing clusters. Founded in 2008, the group has around 5,000 employees in nine countries, generates about SEK 10 billion in annual turnover, serves major industrial clients such as 3M, ABB, Epiroc and Siemens, and is listed on the Nasdaq Stockholm main list.

Average Trading Volume: 83,597

Technical Sentiment Signal: Buy

Current Market Cap: SEK6.31B

For an in-depth examination of HANZA stock, go to TipRanks’ Overview page.

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