Sandvik To Acquire Majority Stake In Suzhou Ahno
April 23 (Reuters) -Sandvik AB SAND.ST:
SANDVIK TO ACQUIRE MAJORITY STAKE IN CHINA-BASED SUZHOU AHNO
FOLLOWING DEAL WILL OWN A 72.4% STAKE IN AHNO
IMPACT ON SANDVIK'S EARNINGS PER SHARE (EXCLUDING NON-CASH AMORTIZATION EFFECTS FROM BUSINESS COMBINATIONS) WILL BE POSITIVE
ENTERPRISE VALUE FOR ACQUIRED STAKE IS CNY 1,456 MILLION (189 MEUR)
TRANSACTION IS EXPECTED TO CLOSE DURING Q3 OF 2024
SANDVIKPRIOR TO DEAL CO'S OWNERSHIP IN AHNO WAS 12.4%
Source text for Eikon: ID:nWkr22Q7cH
Further company coverage: SAND.ST
(Gdansk Newsroom)
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