Case | 6 May 2026

Setterwalls has advised Maha Capital with the completion of the new listing process on Nasdaq Stockholm

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Setterwalls has advised Maha Capital AB (the “Company”) in connection with the new listing process for continued admission to trading of the Company’s shares on Nasdaq Stockholm following the acquisition of the fintech company KEO World

Setterwalls has previously advised the Company in connection with the acquisition of KEO World. Nasdaq Stockholm assessed that the acquisition of KEO World constituted a substantial change to the Company’s operations, as a result of which the Company has undergone a new listing process to obtain approval for continued admission to trading. On 15 April 2026, the Company received formal approval for continued listing on Nasdaq Stockholm. The acquisition of KEO World means that the Company has repositioned from a diversified investment company to a technology-driven financial solutions provider focused on improving liquidity, security, transparency, and efficiency in B2B supply chain financing.  In addition, the Company holds 24 percent indirect equity stake in the Venezuelan oil company PetroUrdaneta.

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