Tuesday started with a bang, as the European stock exchanges, including the Helsinki stock exchange, dived on a broad front. The general index of the Helsinki Stock Exchange fell by 0.7 percent to 10,002.95 points.
Tuesday’s most traded stock was Nordea, whose share fell by 1.8 percent, finally ending at a unit price of 11.2 euros. The hard riser was in the end Betolar With a 7.5 percent increase, while the biggest decliner was on the other hand BBS-Bioactive Bone Substitutes with a decrease of 8.1 percent.
The materials technology company Betolar said it had agreed Norway Mineralerin for cooperation with, the aim of which is to promote the development and implementation of sustainable and low-carbon mining solutions in the company’s mining operations in Eigersund, southern Norway. The cooperation explores and evaluates the possibilities of using Betolar’s sustainable mining solutions, know-how, technologies and innovations in Norge Mineraler’s operations.
The board of the health technology company BBS-Bioactive Bone Substitutes, listed on the Helsinki Stock Exchange, decided on a free share issue of 450,000 shares to the company itself. After the share issue, the company has a total of 452,147 of the company’s own shares, which corresponds to approximately 2.2 percent of all the company’s shares.
Central Uusimaa rescue service said on Tuesday Miscarriage after the central warehouse caught fire. The fire, which was successfully extinguished, affected an area of approximately 10 square meters. There were no injuries in the fire that started as a result of the roof work.
Yesterday, Monday, a new billion-dollar company was listed on the Helsinki stock exchange, when Kalmar, known for its heavy material handling equipment, started as an independent listed company after breaking away from Cargotec. Kalmar’s share finally closed the second trading day with a 2.3 percent increase. Cargotec, on the other hand, closed down 4.3 percent.
Inderes started monitoring Kalmar with a target price of 36 euros and a buy recommendation. Inderes lowered Cargotec’s target price to EUR 39 and the recommendation to sell.
OP started tracking Kalmar with a buy recommendation and a target price of 31 euros. OP lowered Cargotec’s target price to 42 euros and repeats the sell recommendation.
Endomines’ gold production increased
A mining company Endominesin according to the company’s Pampalo gold production increased by four percent in January–June 2024 compared to the corresponding period in 2023. During the first half of 2024, gold production in kilograms was 218.3 kilograms.
“The published production figures are based on preliminary data, the final figures may change slightly after the final determinations of all batches delivered to customers have been received. However, the change to what is announced here is not expected to be significant,” states the company’s press release.
“The production at the beginning of the year developed according to plans. We expect significant growth for July-December 2024, which will create the basis for production in 2025 as well. The strong market situation for gold supports our investment in increasing production volumes”, says the CEO of Endomines Kari Vyhtinen.
Endomines shares closed Tuesday down 1.2 percent.
According to the company bulletin published in April 2024 Meriaura Group’s The board has today made a decision regarding its maritime logistics subsidiary Meriaura Oy:n from the sale of a minority stake to the group’s largest shareholder Meriaura Invest Oy:lle.
“4,552,659.73 euros has been agreed as the purchase price for the 20.6 percent ownership stake. It will offset Meriaura Invest’s loan receivable of 4.43 million euros with interest from Meriaura Group,” states Meriaura Group’s stock exchange release.
“The transaction has been concluded as a termination clause, according to which Meriaura Group has the right to redeem Meriaura’s shares back at their original purchase price by the end of 2024.”
Meriaura Group’s share rose by 4.8 percent on Tuesday.
CEO at stock trading
German ShapeQ the investment company doubled its investment Fodelian and became the company’s third largest shareholder, states the press release of the food company Fodelia.
A block trade of 350,000 shares worth more than 2 million euros was made with Fodelia’s shares earlier today. The company’s CEO was the seller Mikko Tahkolawho, despite the share sale, remains the company’s largest shareholder.
“In June, we were able to present Fodelia’s factories in Pyhännä to the representatives of ShapeQ. They were really convinced of Feelia’s concept and products in particular. After the visit, they announced their desire to invest more in Fodelia, so I saw this as a great opportunity for the company to get a truly professional international investor as the company’s third largest owner,” commented Tahkola in the company’s press release.
ShapeQ, which acquired the shares, is a German-based family-owned investment company that invests long-term capital in European small and medium-sized companies. Fodelia’s share reacted to the news with a two percent price drop.
Engineering works Training said he would deliver a carrier roller cutter Wuzhou Special Paperin for a paper machine in China. The introduction of the cutter is planned for 2025. The order is included in Valmet’s orders for the second quarter of 2024. The company’s shares closed Tuesday up 0.8 percent.
Providing financial administration services Administer said that he had made a purchase offer to the city of Pieksämäki Kuntalashka Oy’s of shares, which the board of Administer Oyj and Pieksämäki city council have approved. It is estimated that the transaction will take place in early autumn, and part of the purchase price is to be paid in Administer’s shares through a directed share issue.
As a result of the transaction, 40.1 percent of Kuntalaskenna’s shares will be transferred to Administer’s ownership at a purchase price of EUR 120,000, of which EUR 50,000 will be paid with Administer Oyj’s shares. After this, Administer Oyj’s ownership share in Kuntalashka Oy is 90 percent. The remaining 10 percent of Kuntalaskenna’s shares remaining for the city of Pieksämäki is to be redeemed at the fair price after three years with a predetermined valuation principle. Administer’s share price remained unchanged.