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SDVKY Sandvik AB (PK)

18.80
0.25 (1.35%)
Last Updated: 19:21:47
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
  0.25 1.35% 18.80 18.76 18.81 19.01 18.76 18.84 64,712 19:21:47

Sandvik Gets EUR500 Million Loan From European Investment Bank

18/01/2023 2:26pm

Dow Jones News


Sandvik AB (PK) (USOTC:SDVKY)
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From Jan 2023 to Jan 2025

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By Dominic Chopping

 

STOCKHOLM--Swedish engineering group Sandvik AB said Wednesday it has signed a 500 million euro ($539.4 million) loan agreement with the European Investment Bank.

The loan will support Sandvik's investments in research and development, which includes advanced solutions in component manufacturing as well as solutions for electrification and automation in mining and infrastructure, it said.

The loan has a seven-year tenor and will support Sandvik's R&D investment plans until 2025.

 

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

 

(END) Dow Jones Newswires

January 18, 2023 09:11 ET (14:11 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.

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