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Aquila Holdings Finalizes Financial Asset Settlement with TGS

Story Highlights
  • Aquila Holdings settled a financial asset from selling ocean bottom node equipment.
  • The transaction highlights Aquila’s commitment to shareholder value with a lean cost structure.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Aquila Holdings Finalizes Financial Asset Settlement with TGS

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Carbon Transition ASA ( (DE:S5B) ) has provided an update.

Aquila Holdings has finalized the settlement of its financial asset related to the sale of ocean bottom node equipment to TGS, receiving a year-three floor payment of USD 1.5 million. This transaction underscores the company’s dedication to providing value to shareholders while maintaining a lean cost structure, with further financial details to be disclosed in their upcoming quarterly report.

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, with key assets in Norway and Egypt. Additionally, Aquila Holdings has an investment arm focusing on investments in listed companies and those expected to be listed.

YTD Price Performance: -10.0%

Average Trading Volume: 12,000

Technical Sentiment Consensus Rating: Buy

Current Market Cap: €11.21M

Learn more about S5B stock on TipRanks’ Stock Analysis page.

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