Brief: Duroc Rail In A Strategic Partnership With Lkab

Duroc AB

07/11/2023 07:41

Nov 7 (Reuters) - Duroc AB  DURCb.ST :
    * DUROC RAIL IN A STRATEGIC PARTNERSHIP WITH LKAB
    * AIM IS TO JOINTLY DEVELOP OFFER WITHIN MAINTENANCE OF
RAILWAY
WHEELS AND RELATED COMPONENTS
    * COLLABORATION IMPLIES THAT LKAB ACQUIRES 49 PERCENT OF
SHARES IN
DUROC RAIL AB (RAIL)
    * PRELIMINARY PURCHASE PRICE FOR SHARES AMOUNTS TO
APPROXIMATELY
MSEK 75
    * COLLABORATION TO DEVELOP AND BUILD "STATE OF ART"
PRODUCTION
FACILITY IN LULEÅ
    * NEW FACILITY WILL BE OWNED BY LKAB AND USED BY RAIL, IS
EXPECTED
TO BE COMPLETED END 2025
    * THROUGH ACQUISITION, GROUP IS PROFORMA NEAR DEBT FREE WITH
EQUITY OF ABOUT MSEK 1 150, AND EQUITY TO ASSET RATIO OF 60%

Source text for Eikon:  ID:nWkr2chLjs 
Further company coverage:  DURCb.ST 

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