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Mining Company Metson According to company insiders, there are currently no pending projects related to the merger of Sweden’s Sandvik Mining business with Metso.
Swedish business newspaper Dag Industrie recently broke the news based on its sources that Metso’s owners want to merge the company with the Swedish mining business of Sandvik.
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De said the decisive factor for the merger to be completed was whether Sandvik had a major owner. Frederick Lundberg Lundberg controls more than 18% of the company.
According to the magazine, Metso’s two main owners, Finnish State Investment Corporation solid and an activist investor Christer Gadlin Pilot Investment Company Sevian Capital Most likely they would be in favor of unification.
In a brief announcement at 11 a.m. on Monday, Metso said it had no information related to speculation and no insider items related to the matter.
Legal representative of Solidium Ulla Parmunin On the other hand, Kauppalehti was informed via text message that Solidium has no comment on the rumours and Solidium has not been contacted regarding the matter.
“Solidium has not been contacted on this matter and Metso is responsible for any possible comments on the matter,” Parmunen said in the message.
Solidium owns 14.6% of Metso.
Kauppalehti also contacted Cevian representatives on Monday, but the company said Christer Gardell would not comment on the matter at this time. He also represents Cevian on the Metso board of directors. Nico Pacalon No comment was given for this story.
During Cevian’s ownership, Metso has made significant arrangements. A paper machine manufacturer has been spun off from Metso into its own company train And implemented Metso and Outotec Fusion.
If realized, the merger of Metso and Sandvik’s mining business would be a huge arrangement. Last year, Metso’s turnover was 5.4 billion euros, while Sandvik’s turnover was 11 billion euros. Mining business accounts for about 60% of Sandvik’s turnover.
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