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An update from Studsvik AB ( (SE:SVIK) ) is now available.
Segra Capital, a nuclear-focused investment firm based in the United States, has agreed to acquire a 9.9% stake in Studsvik AB from existing shareholders, becoming a new anchor shareholder in the Swedish nuclear technology group. In connection with the deal, Studsvik’s Nomination Committee will propose Segra founder and CIO Adam Rodman for election to the board at an extraordinary general meeting later in January, in a move the company’s chairman describes as a generational renewal that brings deep sector expertise and long-term capital. The transaction is structured entirely as a secondary share purchase with no new shares issued by Studsvik and undisclosed financial terms, meaning no immediate dilution for existing shareholders. Existing major shareholder Armada Investment’s Daniel S. Aegerter said the reinforced ownership base positions Studsvik to accelerate its transformation into a global nuclear technology leader and to pursue an ambitious M&A and innovation agenda aimed at capitalising on the expanding global nuclear power market.
The most recent analyst rating on (SE:SVIK) stock is a Hold with a SEK271.00 price target. To see the full list of analyst forecasts on Studsvik AB stock, see the SE:SVIK Stock Forecast page.
More about Studsvik AB
Studsvik AB is a Sweden-based provider of advanced technical services to the global nuclear power industry, with core activities in fuel and materials technology, reactor analysis software, decontamination and radiation protection, and technical platforms for handling, conditioning and volume reduction of radioactive waste. With more than 75 years of nuclear technology and radiological services experience, around 540 employees in seven countries, and a listing on Nasdaq Stockholm, Studsvik focuses on supporting nuclear operators and related infrastructure worldwide.
Average Trading Volume: 38,689
Technical Sentiment Signal: Strong Buy
Current Market Cap: SEK2.15B
For detailed information about SVIK stock, go to TipRanks’ Stock Analysis page.