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Carbon Transition ASA ( (DE:S5B) ) has provided an update.
Aquila Holdings ASA has successfully held an extraordinary general meeting to approve its acquisition of Fjord Defence AS, which includes the issuance of 75 million new shares and a potential subsequent offering. The company will change its name to Fjord Defence Group ASA, marking a strategic shift towards acquiring and developing companies in the defence industry. The acquisition and share issuance are expected to enhance the company’s market positioning and provide significant growth opportunities.
More about Carbon Transition ASA
Aquila Holdings ASA is a Norwegian seismic multi-client and investment company listed on Euronext Expand. The company specializes in 3D ocean bottom node seismic multi-client data for near-field exploration and holds key assets in Norway and Egypt. Aquila Holdings also has an investment arm focusing on investments in listed companies and those expected to be listed. Subject to the completion of the acquisition of Fjord Defence AS, the company will reposition itself as a compounder in the defence industry and change its name to Fjord Defence Group ASA.
Average Trading Volume: 492,286
Current Market Cap: NOK252.9M
Learn more about S5B stock on TipRanks’ Stock Analysis page.