Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
The latest announcement is out from XXL ASA ( (GB:0R3P) ).
XXL ASA is facing a short-term liquidity challenge despite its growth in early 2025, due to unexpected delays in tax reimbursements and supply chain issues. To address this, Frasers Group has offered a NOK 200 million shareholder loan or a guarantee for a bridge loan, contingent on certain conditions. Additionally, XXL plans a private placement of new shares to raise funds for repaying the bridge financing. The company’s board recommends shareholders accept Frasers’ NOK 10 per share offer, considering the liquidity needs and potential changes in shareholder dynamics, as Altor, a major shareholder, has not yet decided on the offer.
More about XXL ASA
XXL ASA is a leading sports retailer operating in Norway, Sweden, and Finland. It is the largest among major sports retailers in the Nordics, offering a wide range of products for sports, hunting, skiing, biking, and other outdoor activities. XXL aims to provide a one-stop-shop experience with the largest stores, best prices, and widest assortment of branded goods.
Average Trading Volume: 513
Technical Sentiment Signal: Strong Sell
Current Market Cap: NOK885.8M
For a thorough assessment of 0R3P stock, go to TipRanks’ Stock Analysis page.
Trending Articles:
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue