Extract from our Nordic M&A Newsletter

Read more about our Nordic M&A Newsletter service including the M&A Portal and Private Equity Portfolio Tracker.
Sandvik to carve out steel business unit and explore IPO opportunities
May 10, 2019

Sweden’s Sandvik AB announced plans Monday to spin off its stainless and specialty alloys division and said it will explore a possible IPO for the standalone business. Sandvik’s CEO, Björn Rosengren now estimates a valuation of around SEK 15bn for the business unit, corresponding to an EV / sales multiple of 1x.

ⓘ This story was originally featured in our daily Nordic M&A Newsletter - we publish some of the newsletter content with delay through our M&A Newsletter Library. If you would like more insights on this deal or industry then send us an email at requests@nordicknowledgepartners.com