Karolinska Development has reported continuing progress in all its portfolio companies but the near-term remains focussed on the proposal to restructure the convertible bonds, with the EGM scheduled for the 8th March. We view the offer as marking the closing stages of the major transformation that has been underway at Karolinska Development over the last 24 months. Our valuation of Karolinska Development was placed under review pending the outcome of the offer, but previously was SEK 473m (SEK9.10 per share).
01 Mar 2017
Advancing across all fronts
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Advancing across all fronts
Karolinska Development AB Class B (0P3C:LON) | 0 0 5.4% | Mkt Cap: 369.6m
- Published:
01 Mar 2017 -
Author:
Mick Cooper PhD -
Pages:
7
Karolinska Development has reported continuing progress in all its portfolio companies but the near-term remains focussed on the proposal to restructure the convertible bonds, with the EGM scheduled for the 8th March. We view the offer as marking the closing stages of the major transformation that has been underway at Karolinska Development over the last 24 months. Our valuation of Karolinska Development was placed under review pending the outcome of the offer, but previously was SEK 473m (SEK9.10 per share).