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.