Announced
Completed
Financials
Tags
high-performance steel
Spin Off
Completed
Iron and Steel
Friendly
Demerger
special alloys
Sweden
stainless steels
Single Bidder
Public
Majority
Domestic
Synopsis
Sandvik, an engineering group in mining and rock excavation, rock processing, metal-cutting and materials technology, completed the spin-off of Alleima, a global manufacturer of advanced stainless steels, special alloys and heating systems. “We are very pleased with the decision by Sandvik’s shareholders. We now very much look forward to establishing Alleima as a standalone listed company and develop our position as a market leader in advanced materials for the future," Andreas Nordbrandt, Alleima Chairman of the Board of Directors.
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