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Logistea AB Class A ( ($SE:LOGI.A) ) has shared an update.
Logistea AB has successfully completed a directed share issue of 36 million B-shares, raising approximately SEK 500 million. This move aims to finance new investment opportunities in the Nordic region, enhancing the company’s property portfolio and increasing profits. The share issue attracted significant interest from both Swedish and international institutional investors, diversifying the shareholder base. The company’s board believes this strategic decision will strengthen liquidity and enable Logistea to pursue value-creating acquisitions promptly, aligning with its financial targets.
More about Logistea AB Class A
Logistea AB is a real estate company focusing on warehousing, logistics, and light industry. The company aims to be a leading partner for businesses needing modern and sustainable premises, with growth driven by property acquisitions, development, and management. Logistea’s financial objectives include increasing profit from property management and net asset value per share by at least 15% annually over five years.
Average Trading Volume: 7,967
Current Market Cap: SEK383M
For an in-depth examination of LOGI.A stock, go to TipRanks’ Stock Analysis page.