By Dominic Chopping

STOCKHOLM--Swedish ball-bearing maker SKF AB (SKF-B.SK) said Thursday it has signed an agreement to divest its metallic rods business to Precision Castparts Corp. (PCP) for around EUR40 million on a cash and debt free basis.

 
   MAIN FACTS:

-This includes the sale of the operations at the SKF sites in St. Vallier sur Rhone, France and Monroe, Washington in the U.S.

-During 2012, sales from these two sites were around EUR46 million.

-Closing is expected in 2Q 2013.

-The sale affects around 230 employees in France and around 25 in the U.S.

-At 0909 GMT shares traded 0.3% higher at SEK164.90.

-Write to Dominic Chopping at dominic.chopping@dowjones.com; Twitter: @DowJonesNordics

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

SKF Ab (PK) (USOTC:SKFRY)
Graphique Historique de l'Action
De Mai 2024 à Juin 2024 Plus de graphiques de la Bourse SKF Ab (PK)
SKF Ab (PK) (USOTC:SKFRY)
Graphique Historique de l'Action
De Juin 2023 à Juin 2024 Plus de graphiques de la Bourse SKF Ab (PK)