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Ratos AB ( ($SE:RATO.B) ) has provided an update.
Ratos AB announced the terms for Sentia’s initial public offering (IPO) on the Euronext Oslo Stock Exchange, with the prospectus approved by the Financial Supervisory Authority of Norway. The IPO consists of a secondary offering of up to 31,918,755 shares, with Ratos’ ownership in Sentia expected to reduce to approximately 39.8% post-IPO. This move is anticipated to enhance Sentia’s market presence and provide liquidity, potentially impacting Ratos’ strategic positioning in the construction sector.
The most recent analyst rating on ($SE:RATO.B) stock is a Buy with a SEK45.00 price target. To see the full list of analyst forecasts on Ratos AB stock, see the SE:RATO.B Stock Forecast page.
More about Ratos AB
Sentia is a Nordic construction group with a leading position in select markets, specializing in large, complex projects such as commercial buildings, hospitals, universities, and cultural centers for both public and private clients. The group, which includes companies like HENT in Norway and Vestia, SSEA, and Kiruna Målbygg in Sweden, employs approximately 1,400 people and is the sixth largest construction company in Norway and Sweden.
YTD Price Performance: 28.17%
Average Trading Volume: 580,634
Current Market Cap: SEK12.89B
For an in-depth examination of RATO.B stock, go to TipRanks’ Stock Analysis page.