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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 Completes Divestment Of Sandvik Medical Solutions

30/03/2012 3:45pm

Dow Jones News


Sandvik AB (PK) (USOTC:SDVKY)
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Sandvik AB (SAND.SK), the Swedish engineer, said Friday it has completed the divestment of Sandvik Medical Solutions to Orchid Orthopedic Solutions, which is owned by Altor Fund III.

 
   MAIN FACTS: 

-The business will be fully consolidated into Orchid Orthopedic Solutions from the second quarter 2012.

-The divestment of Sandvik Medical Solutions is in line with Sandvik's strategy to exit operations outside of the defined core businesses.

-At 1413 GMT shares in Sandvik traded 3.26% higher at SEK95.10.

-By Sven Grundberg; Dow Jones Newswires; +46-8-5451-3093; sven.grundberg@dowjones.com

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