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.

Sandvik divests Mining Systems business Sandvik divests Mining Systems business Sandvik divests Mining Systems business Sandvik divests Mining Systems business Sandvik divests Mining Systems business

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).

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