Sandvik has completed its divestment Sandvik Process Systems to FAM AB.
The divestiture will result in a pre-tax capital gain of about SEK 4 billion which will positively impact the operating profit in the fourth quarter of 2017, the company says.
Sandvik Process Systems has been reported in Other Operations and the divested business will as of today be deconsolidated from Sandvik’s financial statements.
After de-consolidation of Sandvik Process Systems, Other Operations will consist of Other Operations common costs and product area Hyperion.
This story is reprinted from material from Sandvik, with editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.
