Wikborg Rein assisting with Nel ASA's spin-off and listing of Cavendish Hydrogen ASA on Oslo Børs
We have had the pleasure of assisting Nel ASA and Cavendish Hydrogen ASA in the spin-off of Nel's hydrogen fueling division and listing of Cavendish's shares on Oslo Børs.
Trading in Cavendish's shares commenced today, 12 June. The listing is the second listing on Oslo Børs' main board in 2024 and marks a key milestone in Nel's strategy to create two independent pure-play companies being better positioned to become market leaders in their respective fields.
Carnegie AS acted as global coordinator and Arctic Securities AS and Fearnley Securities AS as joint lead managers in connection with the listing.
The core Wikborg Rein team comprised Lise Løtveit, Vemund Rolstad, Karoline Stock Evje, Hanne Gundersrud, Anne-Karin Nesdam, Anders Myklebust, Per Anders Sæhle and Geir Sviggum.
We thank Nel and Cavendish for their vote of confidence. Congratulations to all parties!