Your email has been successfully added to our mailing list.

×
-0.0832187070151306 -0.0900962861072901 -0.0990371389270976 -0.0955983493810178 -0.0942228335625859 -0.100825309491059 -0.107152682255846 -0.131705639614856
Stock impact report

Sandvik Completes the Divestment of Sandvik Drilling and Completions

SANDVIK AB S/ADR (SDVKY) 
Company Research Source: PR Newswire
SANDVIKEN, Sweden, March 12, 2020 /PRNewswire/ -- Sandvik has completed the previously announced divestment of Sandvik Drilling and Completions (Varel), meaning the operations relating to the oil and gas industry to the private equity firm Blue Water Energy and its co-investor, the privately owned Nixon Energy Investments. As earlier announced, Sandvik will remain a minority owner of 30% of the company and hold a position on the board. The contribution to Sandvik's earnings per share from the minority ownership, reported in associated companies, would have been limited based on 2019 results. In the results for the fourth quarter 2019, Sandvik reported a related write-down of net -3.9 billion SEK. In the subsequent period until closing of the deal, changes in net assets imply a negligable capital gain however the realized effect from reversal of the accumulated currency translation in Other Comprehensive Income will have a negative impact of -0.5 billion SEK on the operation result in Show less Read more
Impact Snapshot
Event Time:
SDVKY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
Last price at news event
Since Event
Multi-day stock performance from the time of the news release
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST
PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
Last Price
VWAP
High:
Max Up
High:
Low:
Max Down
Low:
%
Post news range
%
Price change

Price Change Percentage


S&P 500
(SPX)

%

Volume ratio
%

Volume
Ticks

Avg transaction size

Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Opt-in for
SDVKY alerts

from News Quantified
Opt-in for
SDVKY alerts

from News Quantified