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Saga Pure ASA Gains Majority Stake in S.D. Standard ETC Plc

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Saga Pure ASA Gains Majority Stake in S.D. Standard ETC Plc

Meet Your ETF AI Analyst

S.D. Standard Drilling PLC ( (DE:S1P) ) just unveiled an announcement.

Saga Pure ASA has made a mandatory offer to acquire all outstanding shares of S.D. Standard ETC Plc at NOK 1.90 per share. The offer was accepted for 230,971,659 shares, resulting in Saga Pure ASA and Ferncliff Listed DAI AS collectively holding approximately 88.1% of the company’s share capital and voting rights, potentially impacting the company’s control and strategic direction.

More about S.D. Standard Drilling PLC

Average Trading Volume: 2,701,380

Current Market Cap: NOK960.2M

For an in-depth examination of S1P stock, go to TipRanks’ Stock Analysis page.

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