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Seafire AB ( (SE:SEAF) ) has issued an update.
Seafire’s subsidiary, Pexymek, has agreed to sell its property company, Maströret Fastighets AB, to Logistri Fastighets AB for approximately SEK 37 million. This transaction is expected to enhance Seafire’s capital allocation and financial flexibility, while slightly reducing its gearing ratio. The divestment aligns with Seafire’s strategy to focus on developing companies rather than properties and is not anticipated to significantly impact the company’s earnings per share.
More about Seafire AB
Seafire is a Swedish company group founded in 2016, focusing on acquiring and developing profitable companies with potential in the Industrial components and Products segments. The group consists of 12 companies with a combined sales of about one billion SEK and is listed on Nasdaq Stockholm.
Average Trading Volume: 12,694
Current Market Cap: SEK239.9M
For an in-depth examination of SEAF stock, go to TipRanks’ Overview page.