Brief: Industrivärden mulls divesting its shares in SSAB

Industrivarden AB

10/05/2021 17:45

May 10 (Reuters) - Industrivarden AB  INDUa.ST :
    * INDUSTRIVÄRDEN CONTEMPLATES TO DIVEST THE SHAREHOLDING IN
SSAB
    * INDUSTRIVARDEN AB SAYS HOLDING CORRESPONDS TO 4.3 PERCENT
OF
CAPITAL AND 11.8 PERCENT OF VOTING RIGHTS IN SSAB.
    * IF THE DIVESTMENT IS COMPLETED, IT WILL BE MADE AND THE
PRICE
WILL BE DETERMINED, BY MEANS OF AN ACCELERATED BOOK BUILDING
PROCESS. THE PROCESS WILL BEGIN IMMEDIATELY AND MAY BE
TERMINATED WITH SHORT NOTICE. FURTHER INFORMATION WILL BE
PUBLISHED AS SOON AS THE BOOK BUILDING PROCESS HAS BEEN
COMPLETED.
    * MORGAN STANLEY IS ACTING AS SOLE BOOKRUNNER AND CARNEGIE
AS
CO-BOOKRUNNER IN CONNECTION WITH THE TRANSACTION.

    
Source text for Eikon:  ID:nGNE1dT11y 
Further company coverage:  INDUa.ST 

 (Reporting By Johan Ahlander)
 ((johan.ahlander@thomsonreuters.com;))