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Market capitalisation of approximately NOK 1.1 billion
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The fourth listing of the year on Euronext Oslo Børs’ markets
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20th listing on Euronext in 2024
Euronext Oslo Børs today congratulates Cavendish Hydrogen (ticker: CAVEN) on its listing on Euronext Oslo Børs. This is the fourth listing of the year in Oslo and the 20th on Euronext.
Cavendish Hydrogen is a spin-off of the fuelling division of Nel (ticker: NEL). The company specialises in the development, production, marketing, sales and service of equipment for fuelling hydrogen for on-road vehicles and operates globally. The purpose of the spin-off is to create two independent pure-play companies aiming to become market leaders in their respective field. At market opening today, the company had a market value of NOK 1.062 billion.
Robert Borin, CEO of Cavendish Hydrogen, said: “We are pleased with today’s spin-off and listing of Cavendish Hydrogen on Euronext Oslo Børs. With this important milestone, we take a big step forward towards our ambition to deliver hydrogen fuelling solutions that are safer, faster, and more reliable than any alternative – all while reducing emissions.”
Caption: Robert Borin, CEO at Cavendish Hydrogen and Marcus Helland, CFO at Cavendish Hydrogen, rang the bell this morning to celebrate the listing and the first day of trading on Euronext Oslo Børs. The company was welcomed by Eirik Høiby Ausland, Head of Listing at Euronext Oslo Børs. (Photo: Guro Sommer | NTB)
