Magnora ASA Achieves Substantial Investment Returns

Magnora ASA (SVMRF) has released an update.

Magnora ASA has reported a robust 15.7-fold return on its 2021 investment in Helios Nordic Energy, with dividends received totaling NOK 30.2 million. The company’s shares in Helios were sold to Vinci for an upfront payment of EUR 73 million and a potential earnout of up to NOK 3 billion. This strategic move highlights Magnora’s successful investment in renewable energy ventures.

For further insights into SVMRF stock, check out TipRanks’ Stock Analysis page.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Tags

More Related Articles

Info icon

This data feed is not available at this time.

Sign up for the TradeTalks newsletter to receive your weekly dose of trading news, trends and education. Delivered Wednesdays.