Elektroimportøren (No_rec, TP: NOK) - Recommendation and target price withdrawn
Given DNB Markets’ role as Sole Global Coordinator and Bookrunner in the recent Private Placement and Manager in the contemplated subsequent offering of shares in Elektroimportøren ASA, we have withdrawn our target price and recommendation.
DNB Markets is the investment banking arm of DNB Bank ASA and is focused primarily on the Nordic region, as well as internationally on niches such as global shipping, energy and related services, and seafood. DNB Markets offers services in FICC, Equities and Investment Banking advisory from offices in Oslo, Stockholm, London, Singapore and New York. Equity research coverage is offered on c250 Nordic companies. DNB was ranked no.2 in Extel Nordic Research 2017. The DNB Markets’ Credit and FICC Macro & FX Research teams are repeatedly highly rated by Prospera Nordic Institutional Investor Surveys.
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