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SENASTE
We believe exciting times lie ahead for Train Alliance as the company reinforces its position in key railroad hubs. The recently granted SEK 327m EU co-financing (SMARTCargo) marks a key milestone in its development in Sigtuna; with the SEK 90m Hallsberg deal approaching (with potential for more), the outlook for positive land revaluations (a key driver of NAV) and new contracts remains strong. We derive a fair value range of SEK 22-27.
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