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FLE Invest Bankruptcy: Impact on EQVA and CEO’s Position

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FLE Invest Bankruptcy: Impact on EQVA and CEO’s Position

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Havyard Group ASA ( (DE:1H2) ) just unveiled an update.

FLE Invest, a company closely related to EQVA’s CEO Even Matre Ellingsen, has filed for bankruptcy, leading to its shares in EQVA being included in the bankruptcy estate. This situation arose due to FLE Invest’s significant losses from the bankruptcy of Flesland Holding, which is unrelated to EQVA. Despite this, Ellingsen remains confident in his role and EQVA’s future, stating that the bankruptcy does not affect his position as CEO.

More about Havyard Group ASA

YTD Price Performance: 19.72%

Average Trading Volume: 2,000

Technical Sentiment Signal: Strong Sell

Current Market Cap: €35.17M

For an in-depth examination of 1H2 stock, go to TipRanks’ Stock Analysis page.

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