Schibsted ASA ( (GB:0MHM) ) has shared an update.
Blommenholm Industrier AS has sold 9.4 million B-shares of Schibsted ASA, representing about 4% of the total shares, at NOK 275 per share. This sale, which was oversubscribed, reduces Blommenholm’s stake below 25%, allowing for portfolio diversification while maintaining a significant shareholding. The transaction is independent of Schibsted’s recent acquisition activities, and the shares will be tradeable from March 6, 2025.
More about Schibsted ASA
Schibsted ASA is a company involved in media and online marketplaces, focusing on providing diverse media content and services. The company has recently announced an acquisition of TV4 and MTV, indicating its strategic expansion in the media sector.
YTD Price Performance: -13.90%
Average Trading Volume: 20,064
Technical Sentiment Consensus Rating: Sell
Current Market Cap: NOK68.79B
See more insights into 0MHM stock on TipRanks’ Stock Analysis page.