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The latest announcement is out from Velan Inc. SV ( (TSE:VLN) ).
Velan Inc. has successfully completed the divestiture of its asbestos-related liabilities to Global Risk Capital, costing approximately US$143 million. This strategic move, funded by the sale of its French subsidiaries to Framatome SAS, marks a significant step in Velan’s financial realignment, potentially strengthening its market position and operational stability.
More about Velan Inc. SV
Velan Inc. is a world-leading manufacturer of industrial valves, focusing on providing high-quality valve solutions for various industries.
YTD Price Performance: 41.47%
Average Trading Volume: 33,147
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$340M
For a thorough assessment of VLN stock, go to TipRanks’ Stock Analysis page.