Norsk Solar AS (DE:62L) has released an update.
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Norsk Renewables AS, majority-owned by Valinor AS, is proposing to delist from Euronext Growth Oslo due to difficulties in raising capital, low share liquidity, and the high costs associated with being a publicly-traded company. The management believes that going private will allow a stronger focus on long-term goals and attract strategic investors who currently view listing as a drawback. Shareholders’ rights and interests are to be protected through a proposed shareholder’s agreement post-delisting.
For further insights into DE:62L stock, check out TipRanks’ Stock Analysis page.
