After performing well in the latest Gartner Magic Quadrant report it seems things are changing for Stepstone . Earlier this week they held an Extraordinary General Meeting to vote on de-listing the company from both the Norwegian and UK exchanges.
De-listing of the shares of the company from Oslo Børs
In accordance with the Board’s proposal, the general meeting unanimously resolved as follows:
“StepStone ASA shall promptly apply to Oslo Børs for a de-listing of its shares from quotation at Oslo Børs.”
This a very interesting development as over the last year Axel Springer AG has been securing additional shareholdings in the holding company StepStone ASA. Since September Axel Springer have held 53% of the available shares.
Could we be seeing a private equity sale?