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Siem Investments Merges into Momentum, Maintaining Control in EMGS

Story Highlights
  • ElectroMagnetic GeoServices ASA specializes in electromagnetic survey technology for oil and gas exploration.
  • Siem Investments merged into Momentum, keeping control stable in EMGS ownership.
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Siem Investments Merges into Momentum, Maintaining Control in EMGS

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ElectroMagnetic GeoServices ASA ( (DE:E2M) ) just unveiled an update.

Siem Investments S.à r.l., a major shareholder in ElectroMagnetic GeoServices ASA with 33.08% of the shares, has merged into Momentum S.à r.l., both subsidiaries of Siem Industries S.A. This merger does not alter the ultimate control of the shares, maintaining stability in the company’s ownership structure.

More about ElectroMagnetic GeoServices ASA

ElectroMagnetic GeoServices ASA operates in the geophysical services industry, specializing in electromagnetic survey technology used primarily for oil and gas exploration. The company focuses on providing advanced subsurface imaging solutions to enhance exploration and production activities.

YTD Price Performance: 17.14%

Average Trading Volume: 340

Technical Sentiment Signal: Buy

Current Market Cap: €23.66M

See more data about E2M stock on TipRanks’ Stock Analysis page.

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