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Cavotec SA ( (SE:CCC) ) just unveiled an announcement.
Cavotec Group AB has successfully completed a share exchange offer, resulting in the relocation of its registered office from Switzerland back to Sweden. This move aligns the company closer to its investor base and is expected to streamline decision-making and enhance agility, ultimately supporting its growth strategy. Trading of Cavotec’s shares has commenced on Nasdaq Stockholm, and the company plans to delist Cavotec SA from the exchange. The redomiciliation does not alter the company’s business model or management structure, and it aims to maintain shareholder ownership and voting power through a proposed merger.
More about Cavotec SA
Cavotec is a leading global company specializing in the electrification of ports and other industrial and marine applications. Founded in Sweden in 1975, Cavotec has been a significant player in its industry, with a focus on enhancing efficiency and reducing costs through innovative solutions.
Average Trading Volume: 22,883
Current Market Cap: SEK1.89B
For an in-depth examination of CCC stock, go to TipRanks’ Overview page.