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Kite Lake and Taconic Plan Secondary Share Placement in BlueNord

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Kite Lake and Taconic Plan Secondary Share Placement in BlueNord

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Norwegian Energy Company ASA ( (GB:0HTF) ) has shared an update.

Kite Lake Capital Management and Taconic Capital Advisors are exploring a secondary placement of approximately 1.0 million shares in BlueNord ASA, representing about 3.8% of the company’s outstanding shares. The sale will be conducted through an accelerated book building process, with the final terms to be announced upon pricing, and the sellers will enter a 60-day lock-up commitment post-sale.

The most recent analyst rating on (GB:0HTF) stock is a Buy with a NOK570.00 price target. To see the full list of analyst forecasts on Norwegian Energy Company ASA stock, see the GB:0HTF Stock Forecast page.

More about Norwegian Energy Company ASA

Average Trading Volume: 43,366

Current Market Cap: NOK12.36B

See more insights into 0HTF stock on TipRanks’ Stock Analysis page.

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