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An update from Mekonomen AB ( (SE:MEKO) ) is now available.
MEKO AB has announced the successful results of its tender offer for outstanding senior unsecured bonds, with SEK 731.25 million in bonds tendered and accepted. The settlement of this tender offer coincides with the issuance of new bonds worth SEK 1.25 billion, and MEKO plans to redeem remaining bonds by October 2025, indicating a strategic financial restructuring to enhance its market position.
The most recent analyst rating on (SE:MEKO) stock is a Buy with a SEK140.00 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 market leader in the automotive industry in Northern Europe, focusing on enabling mobility through comprehensive services for vehicle drivers, repairers, and maintainers. The company operates in eight countries with 600 branches and 20,000 workshop customers, including 4,500 workshops under its own brands such as Mekonomen, MECA, and others.
Average Trading Volume: 64,071
Current Market Cap: SEK6.54B
For a thorough assessment of MEKO stock, go to TipRanks’ Stock Analysis page.