Cargotec Splits from Kalmar, Boosts Helsinki Stock Exchange as Tech Firms Drive Growth

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In Helsinki, the stock exchange’s general index saw a 1.1 percent increase to 10,050.26 points in the afternoon. The most exchanged share was Nordea, up by 1.6 percent with nearly 20 million shares exchanged. Technology consulting company Solteq experienced the biggest gains with a 10.1 percent increase, while biotechnology company Nightingale Health saw a decline of 9.1 percent.

IT service company Tietoevry extended its strategic evaluation and sale of the Tech Services business. More information about the sale will be provided in the third quarter results report on October 24th. Kemira signed a contract to acquire the reactivation business in Great Britain from Purton Carbons Limited, marking its first step into the activated carbon market.

Lemonsoft announced it would purchase software developer Applirentin in a deal worth approximately EUR 2.3 million. Herantis Pharma received funding for a phase 1b clinical trial from the Michael J. Fox Foundation for Parkinson’s Research and Telko, a subsidiary of Aspo completed the acquisition of Swed Handling AB in Sweden.

Cargotec split from Kalmar and became its own listed company on the stock exchange’s main list, with Cargotec shareholders receiving one Kalmar share for each Cargotec share they owned as part of this move. Kepler Cheuvreux updated its target price for Cargotec to EUR 32

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