Hydro Reduces Stake In Vianode From 30% To 19.9%, Sells 10.1% To Altor, Exits Board Of Directors
Portfolio Pulse from Benzinga Newsdesk
Hydro has reduced its stake in Vianode from 30% to 19.9% by selling 10.1% to Altor and exiting the Board of Directors. A mutual put/call option for the remaining shares exists, exercisable by February 2025.
October 24, 2024 | 6:37 am
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Hydro has reduced its stake in Vianode from 30% to 19.9% by selling 10.1% to Altor and exiting the Board of Directors. A mutual put/call option for the remaining shares exists, exercisable by February 2025.
Hydro's reduction in stake and exit from the board may indicate a strategic shift or reallocation of resources. The mutual put/call option suggests potential future changes in ownership. However, the immediate impact on Hydro's stock price is likely neutral as the transaction does not significantly alter Hydro's overall business operations.
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