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09 Nov
16:13

Sweden's Tibnor moves to expand distribution in Denmark

Sweden’s SSAB tells Kallanish that its subsidiary Tibnor has agreed to acquire the steel distribution business of the Danish company Sanistål A/S, Denmark’s second largest steel distributor. This supports SSAB’s strategic target to strengthen its Nordic home market position, the steelmaker says. Sanistål’s steel distribution business had sales of around SEK 1.8 billion ($199m) in 2017 and the transaction is expected to close i…
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