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Magnora ASA ( (SVMRF) ) just unveiled an update.
Magnora ASA has accepted an unsolicited bid for its entire shareholding in Hermana Holding ASA, totaling 4,025,621 shares, at NOK 10 per share. This transaction marks Magnora’s complete transition into a 100% renewable-energy company, as it exits a non-core holding to strengthen its cash position. The sale is expected to benefit both Magnora and Hermana by providing a more distributed ownership structure and potentially higher share liquidity for Hermana.
The most recent analyst rating on (SVMRF) stock is a Hold with a NOK34.00 price target. To see the full list of analyst forecasts on Magnora ASA stock, see the SVMRF Stock Forecast page.
More about Magnora ASA
Magnora ASA is a renewable-energy group focused on developing wind, solar, and battery storage projects. The company operates in Europe and Africa through various portfolio companies, including Hafslund Magnora Sol AS, Magnora Offshore Wind AS, and others. Magnora is listed on the Oslo Stock Exchange under the ticker MGN.
YTD Price Performance: -13.33%
Average Trading Volume: 211,530
Current Market Cap: NOK1.55B
Learn more about SVMRF stock on TipRanks’ Stock Analysis page.