Magnora ASA (SVMRF) has released an update.
Magnora ASA has completed a spin-off demerger, transferring 70% of Western Isles Holding AS shares to Hermana Holding ASA and reducing its share capital. Shareholders of Magnora will receive equivalent shares in Hermana, which will be tradeable on the Oslo Stock Exchange around June 18, 2024. Magnora retains a 30% stake in Western Isles Holding AS after contributing shares to Hermana.
For further insights into SVMRF stock, check out TipRanks’ Stock Analysis page.
