Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
The latest announcement is out from VNV Global ( (SE:VNV) ).
VNV Global has announced its exit from its investment in Gett, securing approximately USD 89.1 million through a stock purchase agreement with an investor consortium. This move follows previous negotiations that did not proceed, and the transaction includes a portion held in escrow for buyer protection. The increased liquidity from this transaction allows VNV Global to consider repurchasing or redeeming its outstanding bonds and increasing its investment activities, including potential buy-backs of ordinary shares.
More about VNV Global
VNV Global is an investment company that focuses on network effect businesses to achieve long-term profitability. The company is known for its opportunistic investments in business models with strong competitive advantages. VNV Global’s common shares are listed on Nasdaq Stockholm, Mid Cap segment.
Average Trading Volume: 197,336
Technical Sentiment Signal: Hold
Current Market Cap: SEK2.65B
For a thorough assessment of VNV stock, go to TipRanks’ Stock Analysis page.
Trending Articles:
- “The No. 1 Destination for the Most Talented Artists”: Netflix Stock (NASDAQ:NFLX) Notches Up as the Duffer Brothers Consider Jumping Ship
- “Breakthrough EVs”: Ford Stock (NYSE:F) Notches Up on New Battery Details
- “An Equity Stake”: Intel Stock (NASDAQ:INTC) Surges as U.S. Government May Buy In With CHIPS Act Money