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Vow Green Metals AS ( (DE:9G5) ) has issued an update.
Vow Green Metals AS has announced the acceptance of a voluntary cash offer to acquire all its shares at NOK 0.95 per share. Key managerial figures and their associates, including R Investment Company AS and board member Kari Stine Tærum, have accepted the offer for a significant number of shares. This development could impact the company’s operations and market positioning, as it reflects a strategic move by stakeholders to consolidate ownership and potentially influence future directions.
More about Vow Green Metals AS
Vow Green Metals is a company focused on producing biocarbon and other carbon-neutral products to aid the green transition in hard-to-abate industries. The company aims to replace fossil-reduction agents in the metallurgical industry with green alternatives. They build, own, and operate biocarbon production plants using advanced pyrolysis technology, converting biomass and waste into biocarbon, bio-oil, and bioenergy. Vow Green Metals leverages its relationship with its largest shareholder and technology partner, Vow ASA, to maintain a first-mover position in the market.
Average Trading Volume: 731,035
For detailed information about 9G5 stock, go to TipRanks’ Stock Analysis page.