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Azelio: Expect a Deeply Discounted Share Issue - Redeye

Redeye lowers its valuation of Azelio to SEK6.5 (SEK9) following yesterday’s press release regarding a SEK300m share issue. Even if the transaction is expected and fully guaranteed, the release lacked subscription terms, sparring new expectations of an even larger share price discount than previously anticipated.

Redeye lowers its valuation of Azelio to SEK6.5 (SEK9) following yesterday’s press release regarding a SEK300m share issue. Even if the transaction is expected and fully guaranteed, the release lacked subscription terms, sparring new expectations of an even larger share price discount than previously anticipated.
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