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Aquila Holdings Sells Arbaflame Shares for NOK 4.5 Million

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Aquila Holdings Sells Arbaflame Shares for NOK 4.5 Million

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Carbon Transition ASA ( (DE:S5B) ) has issued an announcement.

Aquila Holdings ASA has sold all its shares in Arbaflame AS, resulting in net proceeds of NOK 4.5 million and a gain of NOK 1.25 million over the book value. This transaction reflects Aquila Holdings’ strategic focus on optimizing its investment portfolio, potentially impacting its financial standing and market strategy.

More about Carbon Transition ASA

Aquila Holdings ASA is a Norwegian company specializing in 3D ocean bottom node seismic multi-client data, focusing on near-field exploration. It operates key seismic assets in Norway and Egypt and has an investment arm targeting listed and potentially listed companies.

YTD Price Performance: -6.98%

Average Trading Volume: 3,333

Technical Sentiment Consensus Rating: Buy

Current Market Cap: €11.98M

For a thorough assessment of S5B stock, go to TipRanks’ Stock Analysis page.

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