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The eBearing News
November 21, 2006
SKF Completes Ovako Sale
copyright © 2006 eBearing Inc.
SKF AB (Sweden) announced it has completed the outright sale of its Ovako steel
division, currently parked in larger joint venture with other steel manufacturers.
Oy Ovako Ab will be sold to a company owned by Hombergh Holdings BV shareholders, WP de Pundert
Ventures BV, and Pampus Industrie Beteiligungen GmbH & Co. KG
On its 26.5% ownership, Ovako's sale is expected to translate into a pretax gain for SKF of at
least USD $65.4 million, and allow SKF and Ovako to finally separate completely.
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- by Bruce A. Carr
from individual research,
tips and commercial sources.
Bruce Carr edited this content.
Copyrighted material; unauthorized reproduction prohibited.
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eBearing.com ... for everything that moves™
Entire contents Copyright © 1999-2011, eBearing Inc. All rights reserved.
eBearing.com and "... for everything that moves" are registered trademarks of eBearing Inc.
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