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NAXS AB Announces Strategic Liquidation and Special Dividend Proposal

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NAXS AB Announces Strategic Liquidation and Special Dividend Proposal

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An update from NAXS AB ( (SE:NAXS) ) is now available.

NAXS AB’s Board of Directors has announced a strategic shift towards an orderly liquidation of its existing portfolio, citing a persistent discount to net asset value and underutilized cash reserves. The Board plans to convene an Extraordinary General Meeting to propose a special dividend and, following asset divestment, intends to seek approval for the company’s voluntary liquidation, potentially impacting shareholders and market positioning.

More about NAXS AB

NAXS AB is a company listed on NASDAQ Stockholm that primarily invests in private equity funds with a Nordic focus. The company also engages in direct investments or co-investments alongside private equity or other alternative assets funds, with a limited scope for other types of investments.

Average Trading Volume: 2,616

Technical Sentiment Signal: Buy

Current Market Cap: SEK592.4M

See more data about NAXS stock on TipRanks’ Stock Analysis page.

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