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Mekonomen AB ( (SE:MEKO) ) just unveiled an update.
MEKO AB has announced its decision to fully redeem its outstanding bonds, originally issued in 2021 and due in 2026, amounting to SEK 1.25 billion. This strategic financial move will see the bonds delisted from Nasdaq Stockholm, potentially impacting the company’s financial structure and market perception.
The most recent analyst rating on (SE:MEKO) stock is a Hold with a SEK88.00 price target. To see the full list of analyst forecasts on Mekonomen AB stock, see the SE:MEKO Stock Forecast page.
More about Mekonomen AB
MEKO AB is a leading company in Northern Europe focused on enabling mobility through a comprehensive range of services for vehicle drivers, repairers, and maintainers. With a presence in eight countries, MEKO operates 600 branches and serves 20,000 workshop customers, including 4,500 workshops under its own brands such as Mekonomen, MECA, and BilXtra.
YTD Price Performance: -32.62%
Average Trading Volume: 128,693
Technical Sentiment Signal: Sell
Current Market Cap: SEK5B
Learn more about MEKO stock on TipRanks’ Stock Analysis page.