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SDVKY Sandvik AB (PK)

20.19
0.09 (0.45%)
30 Jul 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Sandvik AB (PK) USOTC:SDVKY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.09 0.45% 20.19 20.10 20.25 20.24 20.11 20.126 88,676 21:00:24

Sandvik Approves Distribution of Alleima Unit to Shareholders

04/08/2022 10:51am

Dow Jones News


Sandvik AB (PK) (USOTC:SDVKY)
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By Dominic Chopping

 

STOCKHOLM--Swedish engineering group Sandvik AB said Thursday that its annual general meeting has approved the distribution of its Sandvik Materials Technology unit--known as Alleima--to Sandvik shareholders.

Sandvik's shareholders are entitled to one share in Alleima for every five shares held in Sandvik, with the last day for trading in shares of Sandvik including the right to receive shares in Alleima set for Aug. 25, 2022, it added.

The first day of trading in Alleima on Nasdaq Stockholm is expected to be Aug. 31.

 

Write to Dominic Chopping at dominic.chopping@wsj.com

 

(END) Dow Jones Newswires

August 04, 2022 05:36 ET (09:36 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.

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