Sandvik’s plan to close Mining Systems transaction not finalised
Published by Rebecca Bowden,
Assistant Editor
World Cement,
Despite Sandvik’s plan to close the Mining Systems transaction during 4Q16, the deal will not be finalised according to the original plan, as not all of the conditions for closing have been met.
The exit process from the Mining Systems business continues with different interested parties, and is still reported as discontinued operations in Sandvik’s financial statements.
”I am disappointed that we have not been able to close the transaction as planned. However, we relentlessly progress to find a solution for our exit from the project business Mining Systems”, says Björn Rosengren, President and CEO of Sandvik.
Read the article online at: https://www.worldcement.com/europe-cis/19012017/sandviks-plan-to-close-mining-systems-transaction-not-finalised/
You might also like
The World Cement Podcast
In this special joint episode of the World Cement Podcast, and Cementing Europe’s future, the podcast of CEMBUREAU, David Bizley and Koen Coppenholle take a deep dive into the Clean Industrial Deal and a discussion of what it means for the European cement industry.
Listen for free today at www.worldcement.com/podcasts or subscribe and review on your favourite podcast app.
CEMBUREAU elects new President and Vice-President
Jon Morrish, Area Board Member for the Region Europe, Heidelberg Materials, is elected President, and José Antonio Cabrera, President of CEMEX, Europe, Middle East and Africa, as Vice-President.
