Movement at Stepstone?

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?

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