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The latest update is out from Norbit ASA ( (DE:4NK) ).
Petors AS, owned by NORBIT ASA’s CEO Per Jørgen Weisethaunet, sold 153,000 shares in the company for tax-related reasons due to Norway’s wealth tax regime. This transaction slightly reduced their stake in NORBIT ASA from 11.1% to approximately 10.93%, reflecting a strategic financial decision influenced by local tax laws.
More about Norbit ASA
NORBIT ASA is a global provider of tailored technology solutions across three business segments: Oceans, Connectivity, and Product Innovation & Realization. The company focuses on delivering innovative solutions for maritime markets, wireless identification, monitoring, and tracking, as well as R&D services and contract manufacturing. Headquartered in Trondheim, NORBIT operates with around 600 employees and has a worldwide sales and distribution platform.
Average Trading Volume: 153,722
Current Market Cap: NOK12.48B
For detailed information about 4NK stock, go to TipRanks’ Stock Analysis page.