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Norva24 Group AB ( (SE:NORVA) ) has provided an announcement.
Norva24 Group AB has applied for the delisting of its shares from Nasdaq Stockholm following the acquisition by Nordahl BidCo AB, a company backed by Apax Funds. Nordahl BidCo now owns 98.32% of Norva24’s shares and has initiated compulsory redemption proceedings for the remaining shares, marking a significant shift in Norva24’s corporate structure and market presence.
The most recent analyst rating on (SE:NORVA) stock is a Buy with a SEK35.00 price target. To see the full list of analyst forecasts on Norva24 Group AB stock, see the SE:NORVA Stock Forecast page.
More about Norva24 Group AB
Norva24 is a leading northern European company in the Underground Infrastructure Maintenance (UIM) industry, providing services such as emptying, pressure flushing, and pipe services. With a history dating back to 1919, the company operates over 80 branches across Norway, Germany, Sweden, and Denmark, employing around 2,000 people. Norva24 has grown through acquisitions, becoming a market leader in its sector by capitalizing on the fragmented nature of the UIM market in Europe.
Average Trading Volume: 694,875
Current Market Cap: SEK6.65B
Find detailed analytics on NORVA stock on TipRanks’ Stock Analysis page.