Nel is exploring a potential spin-off and separate listing for its hydrogen fuelling division during 2024.
The dedicated fuelling business would come as a dividend-in-kind to all existing Nel shareholders with shares listed on an OSE regulated market.
Håkon Volldal, CEO of Nel, said the company has seen “limited synergies” between the fuelling and electrolyser divisions and believe each business will be better positioned to become “market leaders” by operating independently.
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