(Finance) – Hermana Holding it listed itself on Euronext Oslo Stock Exchangesrepresenting the fifth listing of the year in Oslo and the 21st on Euronext.
This is one spin-off of legacy oil business Of Great. Great invests in development projects and renewable energy companies and the spin-off will separate the FPSO (floating production, storage and offloading) segment from the renewable energy business.
The share price was set at NOK 4 per share at the market open, causing the company to reach a market value of NOK 375.7 million (approximately 33 million euros) on its first day of trading.
“The starting point is truly promisingwith professional investors, long-term cash flow and solid counterparties, very similar to Magnora in 2019,” said President Erik Sneve.