Sandvik Completes the Divestment of the Stainless Wire Business
SANDVIKEN, Sweden, Aug. 31, 2018 /PRNewswire/ --
Sandvik has completed the previously announced divestment of the stainless wire business to the German family-owned Zapp Group.
As of 31 August 2018, the stainless wire business will be de-consolidated from Sandvik's financial statements. Revenues in the stainless wire business amounted to 310 million SEK in 2017.
Stockholm, 31 August 2018
Sandvik AB
For further information, contact Ann-Sofie Nordh, Vice President Investor Relations, phone: +46-8 456-14-94 or Martin Blomgren, Press and Media Relations Manager, phone: +46-70-577-0549.
This information was brought to you by Cision http://news.cision.com
The following files are available for download:
| Sandvik completes the divestment of the stainless wire business |
SOURCE Sandvik
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article