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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 steel maker SSAB (SSAB-A.SK) said Friday it has received approval from the European Commission to sell 50% of the shares in Norsk Stal AS to Leif Hübert AS.
The transaction is part of the divestment the European Commission deemed necessary for the merger of Finnish Rautaruukki with SSAB, which was announced last year.
The transaction, which is subject to approval of national competition authorities, will only have a limited impact on SSAB's financial results, the company said.
Norsk Stal AS distributes steel and other metals in Norway and the company's net sales in 2013 were SEK1.66 billion. The other half of the shares in Norsk Stal is owned by Tata Steel.
Shares in SSAB closed at SEK38.84 Thursday.
Write to Christina Zander at christina.zander@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
1 Year Ssab Swedish Steel (PK) Chart |
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