SDVKY - 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.
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SOURCE Sandvik