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Schibsted ASA ( (GB:0MHM) ) has shared an update.
Vend Marketplaces ASA has entered into an agreement to sell its financial services marketplace, Lendo Group, to Clar Global AB for an enterprise value of approximately NOK 1 billion. This transaction marks a strategic move for Vend as it continues to streamline its portfolio to focus on being a pure-play marketplaces company in the Nordic region. The sale is expected to enhance Lendo Group’s growth under Clar’s global operations, strengthening its market position in the Nordics and expanding its global reach.
The most recent analyst rating on (GB:0MHM) stock is a Buy with a NOK440.00 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
Average Trading Volume: 96,724
Current Market Cap: NOK83.38B
For a thorough assessment of 0MHM stock, go to TipRanks’ Stock Analysis page.