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Sandvik's board decides to initiate an internal separation of Sandvik Materials Technology.

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NORDIC BUSINESS REPORT-May 7, 2019-Sandvik's board decides to initiate an internal separation of Sandvik Materials Technology

(C)2019 M2 COMMUNICATIONS http://www.m2.com

Sandvik AB (STO:SAND), a high-technology engineering group, announced on Monday the decision by its board of directors to initiate an internal separation of the business area Sandvik Materials Technology.

Reportedly, the intention is to increase Sandvik Materials Technology's structural independence from the Sandvik Group and thereby put greater focus on the business' future development possibilities, as well as create flexibility.

Also, Sandvik's board has decided to explore the possibility of a separate listing (Lex Asea) at the Nasdaq Stockholm Exchange, should that strengthen Sandvik Materials Technology's position and future development.

According to Sandvik, the decision to initiate an internal separation of Sandvik Materials Technology is based on the board's belief that each part will develop more favourably by itself, increasing opportunities for profitable growth and improving long-term shareholder value. A separation...

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