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Vow Green Metals AS ( (DE:9G5) ) has shared an announcement.
Vow Green Metals AS has announced a recommended voluntary cash offer from Midas Industri AS to acquire all outstanding shares at NOK 0.95 per share, marking a significant premium over recent trading prices. The board of Vow Green Metals has unanimously recommended the offer, with major shareholders already committed to selling their shares, representing a substantial portion of the company’s share capital. This acquisition could potentially enhance Vow Green Metals’ market position and accelerate its growth in the biocarbon industry.
More about Vow Green Metals AS
Vow Green Metals is a company focused on producing biocarbon and other carbon-neutral products to facilitate the green transition in hard-to-abate industries. They aim to replace fossil-reduction agents in the metallurgical industry through their biocarbon production plants, utilizing advanced pyrolysis technology to convert biomass and waste into biocarbon, bio-oil, and bioenergy. The company leverages its relationship with Vow ASA for technological and industrial expertise.
YTD Price Performance: 30.43%
Average Trading Volume: 400,600
Find detailed analytics on 9G5 stock on TipRanks’ Stock Analysis page.