Brief: SSAB To Buy Jacquet Metal Service's Abraservice

Jacquet Metals SA

25/07/2019 07:04

July 25 (Reuters) - Ssab AB  SSABa.ST :
    * SSAB TO ACQUIRE ABRASERVICE
    * SSAB TO ACQUIRE ABRASERVICE
    * SUBJECT TO APPROVAL OF RELEVANT REGULATORY AUTHORITIES,
TRANSACTION IS EXPECTED TO CLOSE IN SECOND HALF OF 2019.
    * TRANSACTION IS EXPECTED TO CLOSE IN SECOND HALF OF 2019.
    * ABRASERVICE WILL CONTINUE TO OPERATE AS AN INDEPENDENT
UNIT
WITHIN SSAB SERVICES, AS PART OF SSAB SPECIAL STEELS,
    * ACQUISITION SUPPORTS SSAB'S STRATEGIC TARGET OF GLOBAL
LEADERSHIP IN Q&T AND ADVANCED HIGH-STRENGTH STEELS AS WELL AS
PROVIDING LEADING VALUE-ADDED SERVICES.
    * ABRASERVICE HAD NET SALES OF AROUND SEK 800 MILLION IN
2018

Source text for Eikon:  ID:nWkr8RMfLq 
Further company coverage:  SSABa.ST 

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