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Vow Green Metals AS ( (DE:9G5) ) has provided an announcement.
Vow Green Metals AS has received a voluntary cash offer from Midas Industri AS to acquire all outstanding shares at NOK 0.95 per share, excluding those owned by Rollover Shareholders. The board has recommended shareholders accept the offer, which has already been pre-accepted by holders of approximately 67% of the shares. The offer period has been extended to 23 June 2025, allowing more shareholders to consider the proposal. This acquisition could significantly impact Vow Green Metals’ operations and market positioning by potentially aligning it with Midas Industri’s strategic goals.
More about Vow Green Metals AS
Vow Green Metals AS is a company focused on producing biocarbon and other carbon-neutral products to facilitate the green transition in hard-to-abate industries. Their core business involves building, owning, and operating biocarbon production plants using advanced pyrolysis technology to convert biomass and biomass waste into biocarbon, bio-oil, and bioenergy. The company aims to replace fossil-reduction agents in the metallurgical industry and is supported by its largest shareholder and technology partner, Vow ASA.
YTD Price Performance: 33.62%
Average Trading Volume: 722,382
For detailed information about 9G5 stock, go to TipRanks’ Stock Analysis page.