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Draft:Hermana Holding ASA

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Hermana Holding ASA
Company typePublic
IndustryInvestment company
FoundedJune 2024
Websitehttps://hermanaholding.com/

Hermana Holding ASA is an investment and royalties company listed on the Oslo Stock Exchange since June 2024.[1]

Hermana's current revenue comes from two FPSO royalty agreements.

Hermana has a pragmatic and opportunity-driven approach to capital allocation and aims to maximise return on equity. Hermana’s growth focus is on the Nordic region. The company will only grow where the expected return on capital is favourable. Hermana will consider transformational accretive transactions when the right opportunity or bolt-on acquisitions depending on the growth prospects.[2]

History

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The company has evolved from the legacy business of Sevan Marine ASA and Magnora ASA. Sevan Marine ASA designed floating production, storage and offloading (FPSO) units for the offshore oil and gas industry. Sevan Marine's business was sold to SembCorp Marine in 2018, but two license agreements remained with Sevan Marine alongside the company's deferred assets.

The same year, 2018, Sevan Marine ASA changed name to Magnora ASA which in 2020 started to invest in renewable-energy projects – particularly wind power, solar PV power and battery energy storage systems with revenues from the license agreements. Magnora is today an established renewables development company with a substantial project portfolio in eight countries.

In 2023-2024 a strategic review led to the conclusion that the two different businesses of renewables and royalties, respectively, would be best developed separately: Magnora ASA as a pureplay renewables company and the new company Hermana Holding ASA as a royalty business based on the legacy business left behind from Sevan Marine. Hermana was carved out and demerged from Magnora during the second quarter of 2024 and listed on the Oslo Stock Exchange on 18 June 2024.

References

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  1. ^ "Home". Hermana. Retrieved 2025-03-31.
  2. ^ "Investor Relations". Hermana. Retrieved 2025-03-31.