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An announcement from Magnora ASA ( (SVMRF) ) is now available.
Magnora ASA announced a milestone payment of USD 4.3125 million, which will be forwarded to Hermana Holding ASA as part of a demerger transaction. This payment positively impacts Magnora’s accounts but does not affect its cash flow, as the funds will ultimately go to Hermana Holding ASA. Magnora no longer has employees or activities in its legacy business, having transferred rights to legacy revenue streams to Hermana Holding ASA in 2024.
The most recent analyst rating on (SVMRF) stock is a Buy with a NOK32.00 price target. To see the full list of analyst forecasts on Magnora ASA stock, see the SVMRF Stock Forecast page.
More about Magnora ASA
Magnora ASA is a renewable energy and infrastructure group that develops wind, solar, battery, and data centre projects. It operates in Europe and Africa through various portfolio companies and is listed on the Oslo Stock Exchange under the ticker MGN.
Average Trading Volume: 77,940
Current Market Cap: NOK1.32B
See more data about SVMRF stock on TipRanks’ Stock Analysis page.