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Cavotec SA ( (SE:CCC) ) has issued an announcement.
Cavotec SA has announced that its Swedish subsidiary, Cavotec Group AB, has received foreign direct investment clearance for its share exchange offer, which aims to change the company’s domicile from Switzerland to Sweden. This regulatory approval from the Swedish Inspectorate of Strategic Products marks a significant step towards completing the offer, which is contingent on acquiring at least 90% of Cavotec SA’s shares. The acceptance period for the offer is currently open and will close on June 26, 2025, with settlement expected by July 9, 2025. This move is expected to streamline Cavotec’s operations and strengthen its strategic positioning within the industry.
More about Cavotec SA
Cavotec SA operates in the engineering industry, providing innovative solutions for the maritime, airports, mining, and general industry sectors. The company focuses on delivering advanced technologies that improve operational efficiency and safety in these markets.
Average Trading Volume: 21,149
Current Market Cap: SEK1.92B
For a thorough assessment of CCC stock, go to TipRanks’ Stock Analysis page.
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