VEF News | Oct 03, 2024
VEF's latest stock price increased to 2.39 SEK, with a market capitalization of 2,662 MSEK and a total return this year of 30.0%...
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VEF
🌎 vef.vcVEF is a listed investment company based in Stockholm, Sweden, that focuses on investing in fintech businesses across emerging markets. The company takes minority stakes and actively participates in the management of its portfolio companies, which span various areas of digital financial services including payments, credit, mobile money, and wealth advisory. VEF aims to support the best entrepreneurs in scale emerging markets such as Brazil, Mexico, and India, and is publicly traded on Nasdaq Stockholm under the ticker VEF AB.
Updates as of Oct 03, 2024
- VEF's latest stock price increased to 2.39 SEK, with a market capitalization of 2,662 MSEK and a total return this year of 30.0%.
- VEF's shareholder Fidelity Investments (FMR) reduced its shareholding from 108,528,461 to 108,223,125 shares, and Sweden's ownership increased from 27.95% to 28.40%.
- VEF's CEO, Dave Nangle, discussed the company's strategy and plans to realize value from its portfolio in an interview with Dagens PS.
- VEF CEO Dave Nangle discussed the company's strategy of maintaining a concentrated portfolio and highlighted India's fintech ecosystem as a prime investment destination at EFN Ekonomikanalen.
- VEF updated its governance page to reflect the procedures and timelines for appointing a Nomination Committee for the 2025 Annual General Meeting, including a deadline for shareholder proposals by February 7, 2025.
- VEF's Head of Sustainability, Helena Caan Mattsson, highlighted Solfácil's role in advancing Brazil's green transition through affordable solar energy solutions.
- Earlier this month, VEF's CEO Dave Nangle visited Brazil to meet with the team at their portfolio company Solfácil.
- Analysts decreased VEF's price target by 68.12% to $0.34.
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