Storebrand ASA Completes Share Capital Reduction

Storebrand ASA ( (GB:0NO0) ) has shared an update.

Storebrand ASA has completed a share capital reduction as part of its buy-back program, reducing its share capital by NOK 62,441,350 through the deletion of 12,488,270 shares. This strategic move, finalized after a six-week creditor notice period, results in a new share capital of NOK 2,177,422,055, potentially impacting the company’s market positioning and shareholder value.

The most recent analyst rating on (GB:0NO0) stock is a Hold with a NOK115.00 price target. To see the full list of analyst forecasts on Storebrand ASA stock, see the GB:0NO0 Stock Forecast page.

More about Storebrand ASA

Storebrand ASA is a Nordic financial group focused on providing increased security and financial wellness for individuals and companies. The company offers sustainable solutions and encourages customers to make sound economic decisions for the future. Storebrand serves approximately 55,000 corporate customers and 2.2 million individual customers, managing assets worth NOK 1,442 billion. Headquartered in Lysaker, Norway, Storebrand is listed on the Oslo Stock Exchange.

Average Trading Volume: 887,504

Current Market Cap: NOK60B

See more data about 0NO0 stock on TipRanks’ Stock Analysis page.