Stockholm : On August 31, the Nasdaq Stockholm Exchange will list the shares of Sandvik AB, a Swedish engineering group, following the distribution of its Sandvik Materials Technology unit to shareholders.
According to Johan Molin, the chairman of Sandvik, “we are confident this will increase long-term shareholder value and that both the company and its subsidiary, Sandvik Materials Technology, can grow more favourably.”
Sandvik also stated that it has decided to rename Sandvik Materials Technology to Alleima, pending shareholder approval of the listing.
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