Norva24 to Delist from Nasdaq Stockholm Following Acquisition

Norva24 Group AB ( (SE:NORVA) ) has shared an announcement.

Norva24 Group AB has announced the delisting of its shares from Nasdaq Stockholm, following a request from Apax Funds, which now owns 98.32% of the company through Nordahl BidCo AB. The delisting, approved by Nasdaq Stockholm, will take effect on May 30, 2025, marking a significant shift in Norva24’s market presence and ownership structure.

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 Urban Infrastructure Maintenance (UIM) industry, offering services such as emptying, pressure flushing, and pipe services. With a history dating back to 1919, Norva24 operates over 80 branches across Norway, Germany, Sweden, and Denmark, employing approximately 2,000 people. The company has a strong track record of acquisitions to expand and consolidate its market position in the fragmented European UIM market.

Average Trading Volume: 694,875

Current Market Cap: SEK6.65B

For a thorough assessment of NORVA stock, go to TipRanks’ Stock Analysis page.