Stocks|Trading in new Lassila & Tikanoja and Luotea shares started on Friday.
The division of the environmental service company Lassila & Tikanoja into two separate listed companies took effect at the turn of the year.
The circular economy business was transferred to the new Lassila & Tikanoja company, which focuses on recycling and waste management.
The old company focusing on real estate services was renamed Luotea.
Trading in the shares of both companies started on Friday at the Helsinki Stock Exchange.
Environmental service company The division of Lassila & Tikanoja into two separate listed companies took effect at the turn of the year, and trading in the new shares began on Friday.
The shares of both Lassila & Tikanoja and Luotea are now traded on the Helsinki Stock Exchange.
In the demerger, the circular economy business was transferred to a new company, which was named Lassila & Tikanoja.
It focuses on recycling and waste management, and its goal is to turn waste streams into valuable raw materials. In terms of market value, the company belongs to the stock exchange’s medium-sized companies
The old company focused on real estate services got a new name, which is Luotea.
Every At the turn of the year, the shareholder received one new Lassila & Tikanoja share for each Lassila & Tikanoja share he previously owned.
Before the company split, its share closed at 10.62 euros on the last trading day of last year, Tuesday.
On Friday, the share of the new Lassila & Tikanoja was traded around 1 pm at around eight euros. During the day, the lowest rate was 7.50 euros and the highest was 8.20 euros.
Luotea’s course, on the other hand, hovered around 2.50 euros at the same time, after being at its lowest at 2.30 euros and at its highest at 2.70 euros.
Thanks to the split, the Helsinki Stock Exchange got a new listing on the first trading day of the year.
Correction January 2 at 7:06 p.m.: Lassila & Tikanoja’s price was at its lowest on Friday at 7.50 euros, not 7.20 euros.