Otovo AS Class A (DE:89K) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Otovo ASA’s subsidiary, European Distributed Energy Assets Midco AS, has acquired a customer portfolio in Austria for EUR 4.3 million, enhancing its leasing volumes and financial assets. The transaction, funded through a revolving credit facility, aligns with Otovo’s strategy to consolidate residential energy customer portfolios across Europe. This acquisition supports Otovo’s ongoing portfolio sale, expected to finalize in early 2025.
For further insights into DE:89K stock, check out TipRanks’ Stock Analysis page.
Trending Articles
- ‘Time to Jump Ship,’ Says Investor About MicroStrategy Stock
- Nvidia and Microsoft: Why This Top Investment Firm Decided to Dump Shares
- Wells Fargo (NYSE:WFC) Departs Philadelphia Sports Arena
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
