SKF Closes Sale of Metallic Rods Business For EUR40 Million
03 Juli 2013 - 10:42AM
Dow Jones News
By Dominic Chopping
Swedish ball-bearing maker SKF AB (SKF-B.SK) said Wednesday that
the sale of its metallic rods business to US-based Precision
Castparts Corp. (PCP) has now closed.
MAIN FACTS:
-Precision Castparts Corp. acquired the operations for around
EUR40 million on a cash and debt free basis.
-At 0810 GMT shares traded 1.7% lower at SEK157.
-Write to Dominic Chopping at dominic.chopping@dowjones.com;
Twitter: @WSJNordics
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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