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Mutares lists Terranor Group AB (publ) on Nasdaq First North Growth Market in Stockholm
Mutares lists Terranor Group AB (publ) on Nasdaq First North Growth Market in Stockholm
About this update from Terranor Group Ab
EQS-News: Mutares SE & Co. KGaA / Key word(s): IPOMutares lists Terranor Group AB (publ) on Nasdaq First North Growth Market in Stockholm 30.06.2025 / 09:30 CET/CESTThe issuer is solely responsible for the content of this announcement. NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, THE HONG KONG SPECIAL ADMINISTRATIVE REGION OF THE PEOPLE’S REPUBLIC OF CHINA, JAPAN, NEW ZEALAND, SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH THE PUBLICATION, DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL.Mutares lists Terranor Group AB (publ) on Nasdaq First North Growth Market in StockholmTerranor Group AB (publ) has commenced trading on the Nasdaq First North Growth Market in Stockholm One of the leading providers of operation and maintenance services with revenues of approximately EUR 285 million (SEK 3,147 million) in 2024Successful turnaround strategy implemented by Mutares since Terranor Group AB (publ)’s inception as a stand-alone entity in 2020/2021 Mutares sells 25% of the shares and remains majority shareholder with a 75% stakeMunich, 30 June 2025 - Terranor Group AB (publ) (ISIN: , Ticker: TERNOR) (“Terranor”), a portfolio company of Mutares SE & Co. KGaA (ISIN: ) (“Mutares”), celebrated their stock market debut today on the Nasdaq First North Growth Market in Stockholm, Sweden. The opening price was SEK 20.00 per share. This corresponds to a total value for all shares in the company of SEK 400 million, or approximately EUR 36 million.The placement volume of 5,000,000 existing shares corresponds to 25% of the company’s outstanding shares. With a 75% stake, Mutares remains the majority shareholder of Terranor. The gross exit proceeds for Mutares amount to approximately SEK 100 million, or around EUR 9 million. To cover any overallotment in connection with the offering, Mutares has granted an option to DNB Carnegie to acquire up to an additional 750,000 existing shares, corresponding to up to 15% of the total number of shares in the offering. Assuming that the overallotment option is exercised in full, the offering will comprise up to 5,750,000 existing shares, corresponding to 28.75% of the total number of shares and votes in Terranor.Mutares has committed, under a lock-up agreement, not to sell any further shares for a period of 180 days from the first day of trading. The lock-up agr...