Elop AS ( (DE:72G) ) has issued an announcement.
Qben Infra has announced its intention to acquire the remaining shares of ININ Group via a voluntary share exchange offer. This move aims to fully integrate ININ Group as a subsidiary, enhancing Qben Infra’s market presence and operational capabilities. With a significant shareholding already secured in ININ Group, Qben Infra seeks to consolidate its position further, allowing ININ Group shareholders to own approximately 4.8 percent of Qben Infra, assuming full acceptance of the offer. This strategic acquisition is expected to bolster Qben Infra’s infrastructure service offerings and strengthen its competitive stance in the Nordic market.
More about Elop AS
Qben Infra is a Nordic-based group specializing in infrastructure services, focusing on acquiring and developing platforms across four key niches: Construction, Rail, Power, and Testing, Inspection & Certification (TIC). The company aims to foster sustainable growth and profitability by leveraging synergies and market opportunities through strategic acquisitions and integrations.
YTD Price Performance: 8.82%
Average Trading Volume: 2,666
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €27.11M
For a thorough assessment of 72G stock, go to TipRanks’ Stock Analysis page.