Nel ASA: Exploring a spin-off and separate listing of the Fueling division
(February 28, 2024 - Oslo, Norway) Nel ASA (Nel, OSE:NEL) has initiated a process to explore and prepare for a potential spin-off and separate listing of its Fueling division with the intention to create two independent pure-play companies aiming to become market leaders in their respective fields. "We have seen limited synergies between the Fueling and Electrolyser divisions and believe each business will be better positioned to become market leaders in their respective fields by operating independently,” says Nel’s CEO, Håkon Volldal. One year ago, when Nel presented its fourth