Rautaruukki, SKF and Wartsila to Sell OvakoSell Ovako • July 17th, 2006 • SKF Inc • Ball & roller bearings
STOCKHOLM, Sweden--(BUSINESS WIRE)--July 17, 2006—Rautaruukki Corporation, AB SKF (NASDAQ:SKFR) (LSE:SKFB) (STO:SKFB) (STO:SKFA), and Wartsila Corporation have signed an agreement to sell the operating companies owned by Oy Ovako Ab to a company owned by the shareholders of Hombergh Holdings BV, WP de Pundert Ventures BV and Pampus Industrie Beteiligungen GmbH & Co. KG. The transaction is subject to relevant regulatory approvals and is expected to close in September 2006.
