Schibsted ASA ( (GB:0MHM) ) has issued an update.
Blommenholm Industrier AS is exploring a secondary placement of approximately 9.4 million B-shares in Schibsted ASA, representing about 4% of the total issued shares in the company. The offering, facilitated by Arctic Securities AS and J.P. Morgan SE, is part of the Seller’s portfolio diversification strategy and will not affect Schibsted’s recent acquisition plans. The Seller will remain a core shareholder and has committed to a 90-day lock-up for remaining shares.
More about Schibsted ASA
YTD Price Performance: -13.50%
Average Trading Volume: 20,040
Technical Sentiment Consensus Rating: Sell
Current Market Cap: NOK68.79B
For a thorough assessment of 0MHM stock, go to TipRanks’ Stock Analysis page.