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Rosebank Industries Plc ( (GB:ROSE) ) has issued an announcement.
Rosebank Industries Plc has successfully raised approximately £1.14 billion through the issuance of new shares to finance its acquisition of ECI, a US-based leader in electrical distribution systems. This acquisition, expected to complete in the third quarter of 2025, is anticipated to enhance Rosebank’s profitability and shareholder returns, pending shareholder approval and regulatory conditions.
More about Rosebank Industries Plc
Rosebank Industries Plc operates in the electrical distribution industry, focusing on critical electrical distribution systems. The company is known for its strategic ‘Buy, Improve, Sell’ approach and aims to leverage its strong market positioning and experienced management team.
Average Trading Volume: 18,879
Technical Sentiment Signal: Strong Sell
See more insights into ROSE stock on TipRanks’ Stock Analysis page.