Magnora ASA (SVMRF) has released an update.
Magnora ASA has contributed its remaining 30% stake in Western Isles Holding AS to Hermana Holding ASA as a contribution in-kind, resulting in the issuance of new shares and an increase in Hermana’s share capital. Following this transaction, Magnora now owns 30% of Hermana, which has full ownership of Western Isles Holding AS. The move is part of a spin-off demerger aimed at listing Magnora’s legacy business on the Oslo Stock Exchange.
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