Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Sweden
  4. Nasdaq Stockholm
  5. SSAB AB
  6. News
  7. Summary
    SSAB A   SE0000171100

SSAB AB

(SSAB A)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Industrivarden Sells Entire 4.3% Stake in SSAB for $243 Million

05/11/2021 | 02:11am EDT

By Dominic Chopping

STOCKHOLM--Swedish investment firm Industrivarden AB said late Monday it has received 2.02 billion Swedish kronor ($242.7 million) from selling its entire holding of 44.3 million Class A shares in steelmaker SSAB AB at SEK45.53 a share.

The divested shares represent 4.3% of the capital and 11.8% of the votes in SSAB, and the sale was by means of an accelerated book-building process to institutional investors, the company said.

"Industrivarden has been a long-term and committed owner with a significant shareholding in SSAB since 1994," Chief Executive Helena Stjernholm said.

"In April 2018, we divested just over half of our investment in SSAB and now the remaining holding has been sold. In this way, we release capital for alternative investments," she said.

Morgan Stanley has acted as sole bookrunner and Carnegie as co-bookrunner in connection with the transaction.

Write to Dominic Chopping at dominic.chopping@wsj.com

(END) Dow Jones Newswires

05-11-21 0210ET

Stocks mentioned in the article
ChangeLast1st jan.
AB INDUSTRIVÄRDEN (PUBL) 0.20% 300.4 Delayed Quote.9.48%
DJ INDUSTRIAL -0.18% 34751.32 Delayed Quote.12.97%
ERICSSON -0.08% 100.3 Delayed Quote.2.77%
MORGAN STANLEY -0.55% 102.47 Delayed Quote.49.53%
SSAB AB -0.81% 46.69 Delayed Quote.60.44%
All news about SSAB AB
09/16SSAB : to convene extraordinary general meeting due to the resignation of the Bo..
AQ
09/14SSAB : Finnish government takes direct control of state holding in steel firm SS..
RE
09/07SSAB : to deliver fossil-free steel to Cargotec - SSAB
PU
09/07CARGOTEC OYJ : SSAB Partner To Introduce Fossil-Free Steel In Cargo Handling Ind..
MT
09/07SSAB : to deliver fossil-free steel to Cargotec
AQ
09/07SSAB to Deliver Fossil-Free Steel to Cargotec
CI
09/02FAURECIA : SSAB, Faurecia To Jointly Develop Fossil-Free Steel For Automotive Se..
MT
09/02SSAB : and Faurecia to collaborate on fossil-free steel for automotive seat stru..
PU
09/02SSAB : and Faurecia to collaborate on fossil-free steel for automotive seat stru..
AQ
09/01DAIMLER : Mercedes-Benz teams up with SSAB to explore fossil fuel-free steel for..
RE
More news
Analyst Recommendations on SSAB AB
More recommendations
Financials
Sales 2021 92 161 M 10 693 M 10 693 M
Net income 2021 10 744 M 1 247 M 1 247 M
Net Debt 2021 1 875 M 218 M 218 M
P/E ratio 2021 4,52x
Yield 2021 7,12%
Capitalization 43 631 M 5 053 M 5 062 M
EV / Sales 2021 0,49x
EV / Sales 2022 0,48x
Nbr of Employees 14 043
Free-Float 83,0%
Chart SSAB AB
Duration : Period :
SSAB AB Technical Analysis Chart | SSAB A | SE0000171100 | MarketScreener
Technical analysis trends SSAB AB
Short TermMid-TermLong Term
TrendsBearishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 16
Last Close Price 47,01 SEK
Average target price 59,23 SEK
Spread / Average Target 26,0%
EPS Revisions
Managers and Directors
Erik Martin Lindqvist President, Chief Executive Officer & Director
Håkan Victor Folin Chief Financial Officer & Executive Vice President
Bengt David Harry Kjell Chairman
Martin Pei Chief Technology Officer & Executive VP
Eva Petursson Executive Vice President-Research & Innovation
Sector and Competitors
1st jan.Capi. (M$)
SSAB AB60.44%5 053
ARCELORMITTAL50.37%33 801
NUCOR CORPORATION106.47%32 254
TATA STEEL LIMITED123.22%23 493
POSCO34.01%23 444
NIPPON STEEL CORPORATION72.40%19 221