SKF: The Sale of Ovako Received Relevant Regulatory ApprovalsSKF Inc • November 14th, 2006 • Ball & roller bearings
STOCKHOLM, Sweden--(BUSINESS WIRE)--Nov. 10, 2006--AB SKF, Rautaruukki Corporation, and Wartsila Corporation signed in July 2006 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. Relevant regulatory approvals have been received and the transaction is expected to close in November 2006.
