Sandvik Machining Solutions has completed the previously announced divestment of its 10% minority ownership in Gesac, a Chinese joint venture originally formed in 2005. The minority was divested to
Purchase price corresponds to approximately
For further information, contact Anna Vilogorac, Investor Relations, phone: +46 70 616 50 19 or
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Sandvik is a high-tech and global engineering group offering products and services that enhance customer productivity, profitability and sustainability. We hold world-leading positions in selected areas - tools and tooling systems for metal cutting; equipment and tools, service and technical solutions for the mining industry and rock excavation within the construction industry; products in advanced stainless steels and special alloys as well as products for industrial heating. In 2019, the Group had approximately 40,000 employees and revenues of about
https://news.cision.com/sandvik/r/sandvik-completes-divestment-of-minority-holding-in-xiamen-golden-egret-special-alloy-co--ltd---gesa,c3154589
https://mb.cision.com/Main/208/3154589/1279534.pdf
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