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Lola Bidco AS Increases Stake in Lumi Gruppen AS

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Lola Bidco AS Increases Stake in Lumi Gruppen AS

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Lumi Gruppen AS ( (DE:8KS) ) just unveiled an update.

Lola Bidco AS, associated with board member Ashkan Senobari, has acquired 3,093,581 shares in Lumi Gruppen AS, increasing its ownership to approximately 23.5% of the company’s share capital. This transaction, in conjunction with its affiliate Hanover Active Equity Fund III SCA SICAV-RIAF, brings their total ownership to 58.8%, potentially strengthening their influence over Lumi Gruppen’s strategic direction.

More about Lumi Gruppen AS

Lumi Gruppen is a leading Norwegian education provider established in 1989, comprising two main divisions: Oslo Nye Høyskole (ONH) and Sonans. ONH, a private university college, offers a modern and flexible education model with a significant portion of its students studying online. Sonans is the market leader in Norway for high school private candidate exam preparation courses.

Average Trading Volume: 4,997

Current Market Cap: NOK798.4M

Learn more about 8KS stock on TipRanks’ Stock Analysis page.

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