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Nordec Group Announces Subscription Price For Expected IPO

Nordec Group Corporation, a Finnish provider of frame structures for buildings, facades, and steel bridges, on Monday announced the subscription price for its expected initial public offering or IPO on the Nasdaq First North Growth Market Finland at 7.36 euros per share.

The proceeds expected is around 7 million euros through the offering of 0.96 million shares.

The subscription period for the expected public offering is expected to start on June 8.

In addition, Donges SteelTec GmbH, an arm of the German firm Mutares SE & Co. KGaA, will offer a preliminarily purchase of up to 3.33 million existing shares in the company.

Trading on the shares is expected to commence on the First North Growth Market on or about June 23, with the trading symbol "NORDEC."

Evli acts as the sole global coordinator for the Offering, whereas White & Case LLP works as the company's legal advisor.

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