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Embracer Group AB ( ($SE:EMBRAC.B) ) just unveiled an announcement.
Embracer Group AB announced during an extra general meeting that it will distribute all its shares in Coffee Stain Group AB to its shareholders, with each Embracer share entitling the holder to a corresponding Coffee Stain share. This strategic move is expected to culminate in Coffee Stain’s shares being traded on Nasdaq First North Premier Growth Market by the end of 2025, potentially impacting Embracer’s market positioning and offering new opportunities for stakeholders.
The most recent analyst rating on ($SE:EMBRAC.B) stock is a Hold with a SEK112.00 price target. To see the full list of analyst forecasts on Embracer Group AB stock, see the SE:EMBRAC.B Stock Forecast page.
More about Embracer Group AB
Embracer Group is a global conglomerate specializing in PC, console, and mobile games, as well as related media. With a vast catalog of over 450 franchises, the company operates through several groups including THQ Nordic, PLAION, and Coffee Stain, among others. Headquartered in Karlstad, Sweden, Embracer Group has a significant global presence with 69 internal game development studios and over 7,000 employees across nearly 30 countries.
YTD Price Performance: 0.87%
Average Trading Volume: 823,390
Technical Sentiment Signal: Sell
Current Market Cap: SEK22.69B
Learn more about EMBRAC.B stock on TipRanks’ Stock Analysis page.