Alleima opens at SEK 44 in market debut

Alleima AB

31/08/2022 08:22

** Shares of Alleima  ALLEI.ST  open at SEK 44 ($4.13) per
share in the Swedish company's market debut on Nasdaq Stockholm
    ** Alleima - formerly a wholly owned subsidiary of Sandvik
 SAND.ST  - develops and supplies stainless steel products and
special alloys, as well as products for industrial heating
 urn:newsml:reuters.com:*:nFWN2VQ0TE
    ** The shares were distributed to Sandvik shareholders in
proportion to each shareholder's holding, where five shares in
Sandvik equate one share in Alleima
    ** In total 250,877,184 shares in Alleima were distributed,
as per June 30, 2022
    ** The stock trades at SEK 41.80 per share at 0720 GMT, with
more than 3 million shares traded on Wednesday

($1 = 10.6564 Swedish crowns)

 (Reporting by Agata Rybska)
 ((agata.rybska@thomsonreuters.com))