SDVKY - Sandvik Completes the Divestment of Hyperion

SANDVIKEN, Sweden, July 2, 2018 /PRNewswire/ -- Sandvik has, in line with previous communication on 8 December 2017, completed the divestment of Hyperion to the US-listed investment firm KKR at the price of 4 billion SEK on a debt and cash free basis. As of 2 July 2018, Hyperion will be de-consolidated from Sandvik and a capital gain of about 1 billion SEK will be reported in Sandvik's financial statements. The transaction represents the final divestment of all assets in Other Operations.

Stockholm, 2 July 2018

Sandvik AB

For further information, contact Ann-Sofie Nordh, Vice President Investor Relations, phone: +46 8 456 14 94 or Jessica Alm, Executive Vice President Group Communications, phone: +46 8 456 12 88.

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SOURCE Sandvik