Elanders switches liquidity provider to Carnegie Investment Bank

Elanders AB announced on Tuesday a change in its financial services provider for stock liquidity. Effective January 2, 2025, Carnegie Investment Bank AB (Carnegie) will assume the role of liquidity provider for the company.

Carnegie will replace ABG Sundal Collier AB, which has served as the liquidity provider until the transition. Under the agreement, Carnegie is committed to quoting buy and sell volumes according to Nasdaq Stockholm's rules, a function designed to ensure a more accurate representation of the stock's price. The company stated this aims to create a more reliable valuation and enhance the stock's liquidity.

The role of a liquidity provider is to continuously offer prices for both buying and selling a company's shares. This practice is common on stock exchanges to facilitate trading and provide a more stable and reliable market for the stock. Elanders indicated that this change is a standard operational adjustment to optimize market functions.

Elanders is a global supplier of printing and related services, operating in sectors such as packaging, logistics, and IT services. The company's objective with this change is to improve the trading environment for its shares and bolster investor confidence in its valuation.