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| Name | Symbol | Market | Type |
|---|---|---|---|
| Ssab Swedish Steel (PK) | USOTC:SSAAY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.015 | -0.56% | 2.655 | 1.85 | 3.50 | 2.70 | 2.655 | 2.70 | 1,696 | 21:13:57 |
From Jun 2019 to Jun 2024
By Christina Zander
STOCKHOLM--Swedish steelmaker SSAB (SSAB-A.SK) said Thursday it has received approval from the European Commission to sell Naantali steel service center in Finland, Halmstad steel service center in Sweden and 50% of the shares in Norsk Stal Tynnplater AS to Tata Steel in Europe.
These transactions are part of the divestment remedies the European Commission deemed necessary for the combination of Rautaruukki with SSAB, announced last year.
SSAB has now received the commission's approval regarding the divestments of all those remedies required for the combination. These transactions are still, however, subject to the approval of national competition authorities. The transactions have only a limited impact on SSAB's financial results.
At 0836 GMT SSAB shares traded up 2.9% at SEK39.51.
Write to Christina Zander at christina.zander@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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