Stockholm, June 18, 2015 — Nasdaq (Nasdaq: NDAQ) announced that Pandox Aktiebolag (short name: PNDX B), a Large Cap company within the real estate sector, has started trading of its shares on the main market of Nasdaq Stockholm. Pandox is the 55th company to list at Nasdaq’s Nordic markets* in 2015.
Pandox’s business concept is to actively own, develop and lease hotel properties in Northern Europe. The company’s hotel property portfolio currently includes 104 hotels with approximately 22.000 hotel rooms across eight countries. The organization is divided into two business segments: Property management, which comprises 89 hotel properties leased on a long-term basis to both domestic and international hotel operators, and Operator activities, which includes hotel operations executed by Pandox in its 15 owner-occupied hotel properties. Each segment is further divided into the following five geographic areas: Sweden, Norway, Finland, Denmark and International, where the latter includes Pandox’s business in Belgium, Germany, Switzerland and Canada. For more information, please visit www.pandox.se
“Pandox is returning to the exchange after twelve years as a privately owned company, and we do look forward to this,” said Anders Nissen, CEO of Pandox. “Our business model is nowadays well established and we have grown much stronger and larger during these years.”
“We are thrilled to welcome Pandox back to the exchange where they will make an exciting addition to our vibrant Financials sector,” said Adam Kostyál, senior vice president and head of European listings at Nasdaq. “It is always exciting to see a new large cap company join Nasdaq Nordic and we look forward to supporting Pandox in their new journey as a publically traded company.”
*Main markets and Nasdaq First North at Nasdaq Copenhagen, Nasdaq Helsinki, Nasdaq Iceland and Nasdaq Stockholm.
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