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Press release

Redeye: Binero Group - Revisions following Acquisition and Capital Raise

Binero Group

Redeye returns with an update on Binero following its acquisition of Hibox and the outcome of the rights issue that was subscribed to 95%. We find Hibox as a good match for Binero, and we raise our EBITDA forecast by 10-15% for the coming two years. While we are optimistic about the acquisition as a whole, we adjust our fair value range based on the dilutive effects from the equity raise.

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This is a press release from Redeye - Research Powered Investment Banking. www.redeye.se/

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Binero Group - Revisions following Acquisition and Capital Raise

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