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Sandvik divests Mining Systems business

SANDVIK has signed an agreement to divest its Mining Systems operations to private equity company CoBe Capital for an undisclosed sum.

Noel Dyson
Sandvik is divesting its bulk handling business Mining Systems.

Sandvik is divesting its bulk handling business Mining Systems.

The transaction, which is expected to close during the fourth quarter of 2016, entails a capital loss to Sandvik of 800 million Swedish kroner ($A123 million). It will impact the result of the company’s...

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