Skip to main content

Sandvik’s plan to close Mining Systems transaction not finalised

Published by
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

 

 WCT2021

WCT2021

At WCT2021 you will hear from a range of industry leaders and technical experts as they discuss the key challenges facing the cement industry and the latest solutions on offer. Register for free today »

 

New senior appointment at Aggregate Industries

Continuing to strengthen its senior team, Aggregate Industries has appointed Lee Sleight as the new Managing Director of its Readymix Concrete division and member of the company’s Executive Committee.

 
 

Embed article link: (copy the HTML code below):