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NAXS AB ( (SE:NAXS) ) has issued an update.
Following an Extraordinary General Meeting, NAXS AB’s new Board of Directors has reaffirmed its strategic focus on maximizing the value of its private equity portfolio to enhance shareholder returns. The Board is confident in the potential of its unlisted assets and has clarified that the company is not undergoing liquidation. Instead, it plans to actively manage its portfolio and repurchase shares, which are considered undervalued. The Board will not prioritize new long-term commitments to private equity funds but is open to short-term strategic transactions to optimize the company’s balance sheet and capitalize on market opportunities.
More about NAXS AB
NAXS AB is a company listed on NASDAQ Stockholm that primarily invests in private equity funds with a Nordic focus. It also engages in direct investments in private equity and other alternative assets, and to a limited extent, other types of investments.
Average Trading Volume: 137,650
Technical Sentiment Signal: Hold
Current Market Cap: SEK368.4M
Learn more about NAXS stock on TipRanks’ Stock Analysis page.