NASDAQ STOCKHOLM WELCOMES ELTEL TO THE MAIN MARKET
Stockholm, February 6, 2015 — Nasdaq (Nasdaq: NDAQ) announced that Eltel AB (short name: ELTEL), a Mid Cap company within the Industrials sector, has started trading of its shares on the main market of Nasdaq Stockholm. Eltel is the 5th company to list at Nasdaq’s Nordic markets* in 2015.
Eltel is a leading Northern European provider of technical services for the Infranet industry – critical infrastructure in the segments of Power, Communication and Transport & Defence – with operations throughout the Nordic and Baltic regions, Poland, Germany and the United Kingdom. Eltel has 8,500 employees and sales amounted to EUR 1.15 billion in 2013. For more information, please visit www.eltelgroup.com.
“We are very grateful and proud of the strong support and interest we have received from investors,” said Axel Hjärne, CEO of Eltel. ”To us this is an important step in strengthening our company and culture. We look forward to the interaction with our new owners, both institutional and retail investors, and we are committed to deliver on our targets. We also hope to be able to continue to attract new investors, whom we welcome to follow us.”
“We welcome Eltel to our main market and to our Nasdaq-family of companies,” said Adam Kostyál, senior vice president and head of European listings at Nasdaq. “Eltel will make a valuable addition to our world-leading industrials sector and we look forward to supporting the company in its continued journey as a publically traded company.”
*Main markets and First North at Nasdaq Copenhagen, Nasdaq Helsinki, Nasdaq Iceland and Nasdaq Stockholm.
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Nasdaq Copenhagen, Nasdaq Helsinki, Nasdaq Iceland, Nasdaq Riga, Nasdaq Stockholm, Nasdaq Tallin, Nasdaq Vilnius, Nasdaq Clearing and Nasdaq Broker Services are respectively brand names for Nasdaq OMX Copenhagen A/S, Nasdaq OMX Helsinki Ltd., Nasdaq OMX Iceland hf., Nasdaq OMX Riga AS, Nasdaq OMX Stockholm AB, Nasdaq OMX Tallin AS, Nasdaq OMX Vilnius, Nasdaq OMX Clearing AB, Nasdaq OMX Broker Services AB. Nasdaq Nordic represents the common offering by Nasdaq Copenhagen, Nasdaq Helsinki, Nasdaq Iceland and Nasdaq Stockholm.
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