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home / news releases / SDVKY - Sandvik signs ?500M loan agreement with the European Investment Bank

SDVKY - Sandvik signs ?500M loan agreement with the European Investment Bank

Sandvik AB ADR
  • Sandvik ( OTCPK:SDVKY ) has signed a EUR 500M loan agreement with the European Investment Bank.
  • The loan has a seven-year tenor and will support the company's R&D investment plans until 2025.

  • "We have a strong strategic focus on developing solutions that improve sustainability, productivity and safety in our core industries of mining, component manufacturing and infrastructure. The EIB cooperation will support our R&D initiatives and our aim to stay at the forefront and develop our technology leadership," says Stefan Widing, President and CEO of Sandvik.

For further details see:

Sandvik signs ?500M loan agreement with the European Investment Bank
Stock Information
Company Name: Sandvik AB ADR
Stock Symbol: SDVKY
Market: OTC
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