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Maha Energy AB Class A ( ($SE:MAHA.A) ) has shared an announcement.
Maha Energy AB has entered into a partnership agreement with Keo World Inc. to finance Keo’s corporate credit card program in Latin America. This strategic move involves establishing a secured revolving credit facility of up to USD 100 million, which will support Keo’s B2B payment solutions and corporate credit card offerings. The transaction aligns with Maha’s strategic direction to enhance cash management efficiency and shareholder value, while also providing an option for Maha to acquire equity in Keo SPV, potentially benefiting from the growth of Keo’s fintech platform.
More about Maha Energy AB Class A
Maha Energy AB is an international oil and gas company listed on Nasdaq Stockholm, focusing on investments in the energy, minerals, and other industries. The company aims to build a diversified portfolio with strong business fundamentals and potential for cash flow generation.
YTD Price Performance: -41.97%
Average Trading Volume: 146,210
Current Market Cap: SEK683.4M
See more insights into MAHA.A stock on TipRanks’ Stock Analysis page.