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Schibsted ASA ( (GB:0MHM) ) just unveiled an announcement.
Vend Marketplaces ASA has concluded an offering to buy back 13.5 million shares at a premium price, as part of its strategy to return excess cash to shareholders and adjust its balance sheet. Blommenholm Industrier AS, a major shareholder, sold over 10 million B-shares in support of this initiative, reinforcing their commitment to Vend’s verticalisation strategy. This move is expected to strengthen Vend’s market position and enhance shareholder value.
The most recent analyst rating on (GB:0MHM) stock is a Buy with a NOK364.00 price target. To see the full list of analyst forecasts on Schibsted ASA stock, see the GB:0MHM Stock Forecast page.
More about Schibsted ASA
Vend Marketplaces ASA is a leading Nordic company specializing in digital marketplaces across sectors such as Mobility, Real Estate, Jobs, and Recommerce. The company aims to provide seamless digital experiences and is focused on sustainable value creation and long-term growth. Vend holds a 14% ownership in Adevinta, a company spun off in 2019.
Average Trading Volume: 190,923
Current Market Cap: NOK80.87B
See more insights into 0MHM stock on TipRanks’ Stock Analysis page.
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