Elop AS ( (DE:72G) ) has issued an announcement.
Nordic Infrastructure Group AS, a subsidiary of ININ Group AS, has signed an agreement to acquire Nordnes Narvik AS, a key railway contractor in Northern Norway. This acquisition will enhance Nordic Infrastructure Group’s geographical presence and aligns with the growing infrastructure needs outlined in BaneNor’s InfraStatus report, which estimates substantial railway upgrades over the next 12 years.
More about Elop AS
ININ Group AS is a listed investment company focusing on infrastructure and industry services within the Nordics. The group aims to create value through investments in profitable niches with potential for development, consolidation, and growth, collaborating with their platform companies to achieve sustainable growth and superior profitability.
YTD Price Performance: 2.94%
Average Trading Volume: 2,666
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €26.3M
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