Extract from M&A Insights

The below story was originally featured in our daily M&A Insights Newsletter. Selected stories, including this one, are posted to our website with some weeks of delay.
Sanistål divests steel division to Swedish-based Tibnor for DKK 450m
November 12, 2018

Sanistål has divested its steel division to Tibnor, a subsidiary of SSAB. Sanistål wants to focus its business on wholesale- and services. The divested unit had 130 FTEs and reported a turnover of DKK 1.3bn in 2017, corresponding to an EV/Sales multiple of 0.3x. EBITDA of the division was not disclosed.

ⓘ This story was originally featured in our daily M&A Insights newsletter.
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