Nel ASA: Exploring a spin-off and separate listing of the Fueling division
One year ago, when Nel presented its fourth quarter 2022 report, the company stated it was considering strategic actions for its Fueling division.
- One year ago, when Nel presented its fourth quarter 2022 report, the company stated it was considering strategic actions for its Fueling division.
- Nel is now exploring spinning off the Fueling division as a dividend-in-kind to all existing Nel ASA shareholders and applying for listing of the shares in the separate fueling company on an OSE regulated market during 2024.
- Nel will ensure that the independent fueling company will have a sufficient liquidity runway at the time of listing.
- If completed, the shares of Nel (comprising its Electrolyser division) will remain listed on the OSE under the ticker "NEL".