Delisting of the shares in Norva24 from Nasdaq Stockholm
Today, Norva24 Group AB (publ) (“Norva24”) announced that its board of directors had applied for delisting of the shares in Norva24 from Nasdaq Stockholm in accordance with the request from Apax Funds, acting through Nordahl BidCo AB, which in connection with its public offer has become the owner of 98.32 percent of all outstanding shares in Norva24.[1]
Nasdaq Stockholm has now approved the delisting application. The last day of trading in the shares in Norva24 on Nasdaq Stockholm will be 30 May 2025.
For further information contact:
Stein Yndestad, Group CFO
Tel: +47 91686696
E-mail: stein.yndestad@norva24.com
About Norva24
Norva24 is the leading northern European player in the UIM industry[2] and offers UIM services, such as emptying services, pressure flushing and pipe services. On September 30, 2024, the company operated more than 80 branches[3] in Norway, Germany, Sweden, and Denmark, with approximately 2,000 employees. The company’s history dates back to 1919 and Norva24 has since evolved from a company with Norwegian roots to being a market leader in UIM services in Norway, Germany, Sweden and Denmark. Norva24 has a history of completing acquisitions to enter new markets or to consolidate its local market position, taking advantage of the highly fragmented UIM market in Europe, which is characterized by mostly small, local companies. In its four markets, the company has conducted more than 50 acquisitions since 2015.
www.norva24.com.
[1] Excluding 1,002,871 shares held in treasury by Norva24.
[2] Measured in revenue.
[3] The term “branch” refers to places of business in various locations in which the company conducts its operations.
The information was submitted for publication, through the agency of the contact person set out above, on 2025-05-16 at [●] CEST.
