Edition:
United Kingdom

SSAB AB (SSABb.ST)

SSABb.ST on Stockholm Stock Exchange

24.89SEK
10 Dec 2018
Change (% chg)

-0.54kr (-2.12%)
Prev Close
25.43kr
Open
25.10kr
Day's High
25.33kr
Day's Low
24.83kr
Volume
3,697,084
Avg. Vol
3,967,436
52-wk High
42.93kr
52-wk Low
24.77kr

Latest Key Developments (Source: Significant Developments)

SSAB And Kemppi Create A Joint Digi Solution To Speed Up The Welding Process
Friday, 9 Nov 2018 

Nov 9 (Reuters) - SSAB AB ::SSAB AND KEMPPI CREATE A JOINT DIGI SOLUTION TO SPEED UP THE WELDING PROCESS.  Full Article

SSAB's Tibnor to buy Danish Sanistal's steel distribution business
Friday, 9 Nov 2018 

Nov 9 (Reuters) - SSAB AB ::TIBNOR TO ACQUIRE SANISTÅL'S STEEL DISTRIBUTION BUSINESS.SAYS STEEL DISTRIBUTION BUSINESS NOW BEING ACQUIRED HAD SALES OF AROUND SEK 1.8 BILLION IN 2017.SAYS BASED ON ACQUISITION, SSAB AND TIBNOR EXPECT ANNUAL SYNERGIES OF APPROXIMATELY SEK 50 MILLION TO BE REALIZED WITHIN THREE YEARS.SAYS TIBNOR IS ACQUIRING SANISTÅL'S STEEL DISTRIBUTION BUSINESS AS AN ASSET DEAL AT NET VALUE OF APPROXIMATELY SEK 630 MILLION.THE ACQUISITION IS EXPECTED TO BE EARNINGS AND CASH FLOW ACCRETIVE FROM CLOSING.  Full Article

SSAB To Invest SEK 1 Bln in Alabama Steel Plant
Friday, 26 Oct 2018 

Oct 26 (Reuters) - SSAB AB ::SSAB TO INVEST IN INCREASED Q&T STEEL PRODUCTION CAPACITY.SAYS TO INVEST A TOTAL OF AROUND SEK 1 BILLION IN SSAB AMERICAS' STEEL MILL IN MOBILE, ALABAMA TO INCREASE PRODUCTION CAPACITY FOR QUENCHED AND TEMPERED (Q&T) STEELS.SAYS INVESTMENTS WILL TAKE PLACE DURING 2019-2021 AND WILL INCREASE ANNUAL CAPACITY OF Q&T IN MOBILE FROM 300,000 TONNES TO 400,000 TONNES.SAYS TAKING INTO ACCOUNT COST SAVINGS, PAYBACK TIME IS ESTIMATED TO BE LESS THAN FOUR YEARS.  Full Article

SSAB Europe to invest SEK 300 mln over 2 years to improve efficiency of its tube production
Friday, 5 Oct 2018 

Oct 5 (Reuters) - SSAB AB ::SSAB EUROPE INVESTS IN THE TUBE PRODUCTION AND IMPROVES EFFICIENCY.SAYS SSAB EUROPE WILL INVEST SEK 300 MILLION OVER A 2-YEAR PERIOD TO IMPROVE EFFICIENCY OF ITS TUBE PRODUCTION.SAYS IN SAME CONTEXT, TUBE BUSINESS WILL BE CENTRALIZED TO SECURE LONG-TERM COMPETITIVENESS.SAYS SSAB EUROPE AIMS TO INCREASE SALES VOLUMES OF PREMIUM PRODUCTS, WHICH ARE MORE PROFITABLE THAN STANDARD PRODUCTS.SAYS AS A RESULT OF RESTRUCTURING, LAPPOHJA TUBE MILL WILL BE CLOSED GRADUALLY BY END OF 2020.  Full Article

Johnny Sjöström To Be New Head Of SSAB Special Steels
Wednesday, 26 Sep 2018 

Sept 26 (Reuters) - SSAB AB ::JOHNNY SJÖSTRÖM TO BE NEW HEAD OF SSAB SPECIAL STEELS.HE WILL JOIN SSAB FROM UDDEHOLM, WHERE HE HAS BEEN CEO SINCE 2014.SAYS HE SUCCEEDS PER OLOF STARK, WHO WILL RETIRE IN 2019.  Full Article

SSAB Issues Bonds Amounting EUR 150M
Thursday, 30 Aug 2018 

Aug 30 (Reuters) - SSAB AB ::SSAB ISSUES BONDS AMOUNTING EUR 150M.SAYS ISSUES BONDS AMOUNTING TO EUR 150M WITH A TENOR OF 5 YEARS FOR GENERAL CORPORATE PURPOSES.  Full Article

Industrivärden divests shares in SSAB for SEK 3,073 mln
Monday, 23 Apr 2018 

April 23 (Reuters) - Industrivarden Ab ::REG-INDUSTRIVÄRDEN DIVESTS SHARES IN SSAB FOR SEK 3,073 MILLION.DIVESTED ITS ENTIRE HOLDING OF 54.6 MILLION CLASS B SHARES IN SSAB AT A PRICE OF SEK 39.20 PER CLASS B SHARE.19 MILLION CLASS A SHARES HAVE BEEN DIVESTED AT A PRICE OF SEK 49.00 PER CLASS A SHARE. PROCEEDS OF SALE TOTALS SEK 3,073 MILLION.DIVESTED SHARES REPRESENT 7.15 PERCENT OF CAPITAL AND 6.49 PERCENT OF VOTES IN SSAB.  Full Article

Bookrunner Launch SSAB AB Accelerated Bookbuild Offering Of Ordinary Shares
Monday, 23 Apr 2018 

April 23 (Reuters) - SSAB AB's BOOKRUNNER::BLOCK TRADE - SSAB AB: BOOKRUNNER LAUNCH SSAB AB ACCELERATED BOOKBUILD OFFERING OF ORDINARY SHARES IN SSAB AB.BLOCK TRADE - SSAB AB: BOOKRUNNER SAYS ABO OF ABOUT 19.0 MILLION A SHARES, AT C. SEK 952 MILLION/ C. $112 MILLION.BLOCK TRADE - SSAB AB: BOOKRUNNER SAYS ABO OF ABOUT 54.6 MILLION ORDINARY SECONDARY SHARES OF B SHARES, OFFERING SIZE C. SEK 2.2 BILLION / C. $259 MILLION.  Full Article

Both Books Are Covered, Price Guidance To Follow In SSAB AB Secondary ABO - Bookrunner
Monday, 23 Apr 2018 

April 23 (Reuters) - SSAB AB's BOOKRUNNER::BLOCK TRADE - SSAB AB: BOOKRUNNER SAYS BOTH BOOKS ARE COVERED, PRICE GUIDANCE TO FOLLOW IN SSAB AB SECONDARY ACCELERATED BOOKBUILD OFFERING.  Full Article

Bookrunner Says A-Shares Below SEK 49 Per Share Risk Missing In SSAB Secondary ABO
Monday, 23 Apr 2018 

April 23 (Reuters) - SSAB AB'S BOOKRUNNER::BLOCK TRADE - SSAB AB: BOOKRUNNER SAYS ON THE A-SHARES, ORDERS BELOW SEK 49 PER SHARE RISK MISSING.BLOCK TRADE - SSAB AB: BOOKRUNNER SAYS ON THE B-SHARES, ORDERS BELOW SEK 39.20 PER SHARE RISK MISSING.  Full Article

Deals of the day-Mergers and acquisitions

Nov 9 The following bids, mergers, acquisitions and disposals were reported by 2130 GMT on Friday: