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Storskogen Group AB Class B ( ($SE:STOR.B) ) has issued an update.
Storskogen Group AB is planning to issue SEK denominated senior unsecured bonds to raise SEK 1,000 million, which will be used to redeem its outstanding 2025 bonds and for general corporate purposes. This strategic financial move, involving major banks as coordinators and bookrunners, aims to optimize the company’s debt structure and potentially enhance its market position.
The most recent analyst rating on ($SE:STOR.B) stock is a Hold with a SEK10.50 price target. To see the full list of analyst forecasts on Storskogen Group AB Class B stock, see the SE:STOR.B Stock Forecast page.
More about Storskogen Group AB Class B
Storskogen is an international group involved in trade, industry, and services, focusing on acquiring and developing leading small and medium-sized businesses in selected industries. The company, listed on Nasdaq Stockholm, employs approximately 11,000 people and generates net sales of SEK 33 billion.
YTD Price Performance: -16.38%
Average Trading Volume: 3,651,588
Technical Sentiment Signal: Sell
Current Market Cap: SEK15.97B
Learn more about STOR.B stock on TipRanks’ Stock Analysis page.