US EditionKongsberg to Demerge Maritime Business to Standalone Public Company
11 Articles
11 Articles
Kongsberg Gruppen fell 18.25 percent on the Oslo Stock Exchange on Thursday. It is the second worst trading day for the Kongsberg share ever, writes E24. E24 writes that around 47 billion in market value has been blown away from Kongsberg Gruppen. The company on Thursday presented quarterly results that were weaker than expected, according to the business newspaper. On the same day, it was announced that Kongsberg Gruppen's board of directors pr…
Kongsberg to spin off Kongsberg Maritime
The board of Norway’s Kongsberg Gruppen ASA today proposed to demerge and list Kongsberg Maritime on the Euronext Oslo Stock Exchange, while consolidating Kongsberg Defence & Aerospace and Kongsberg Discovery into a single entity. With security and sustainability high on the international agenda., the board has assessed that focused and specialized businesses will be best suited to take advantage of the opportunities this presents. “This will fu…
Kongsberg plans to list maritime division and merge defence units into technology-focused group
“This will further strengthen competitiveness in our efforts to create value in a world where security and sustainability are expected to dominate in the coming decades,” said Eivind Reiten, Chair of the Board of Kongsberg Gruppen ASA. “Individually, the companies will gain better navigation opportunities and execution capabilities within their respective markets. Both companies will continue to have significant national strategic importance wit…
Kongsberg Gruppen delivered disappointing figures, will split the company and announces the departure of the CEO next year.
Kongsberg Gruppen ASA wishes to spin off and list Kongsberg Maritime on the Euronext Oslo Stock Exchange.
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