In connection with Sandvik's 150th anniversary, we have the pleasure of announcing the following.
Sandvik makes a 25 MSEK contribution to a foundation
Sandvik is offering 25 MSEK for the establishment of a
foundation for the purpose of promoting, broadening and
strengthening the local business community. Using the funds
provided, the "Foundation for the promotion of
business development in Sandviken" will make venture
capital available to developing companies.
"For Sandvik, it is important that the district of Sandviken develops favorably and has a varied business community. We want to help make this happen and this is one way to do it," says Olof Faxander, Sandvik's President and CEO.
Sandvik 150 Corporate Bond
As a further step in the anniversary celebrations, Sandvik
is offering the opportunity to invest in "Sandvik 150
Corporate Bond" in lots of 10,000 SEK. The bond is
aimed at the general public and thus offers the opportunity
of a direct investment in Sandvik, at the same time as it
accentuates the company's efforts to achieve a broad
investor base for borrowing. Handelsbanken will act as the
arranger and detailed information will be made available at
www.sandvik.se and www.handelsbanken.se and at
Handelsbanken's branches as of 6 February 2012.
Sandviken, 31 January 2012
Sandvik Aktiebolag (publ)
The information was submitted for publication at 09.30
CET on 31 January 2012.
For further information, contact Anders Wallin, Vice
President Group Communications, tel +46 26 26 09 20 or
Jan Lissåker, Vice President Investor Relations, Sandvik
AB, tel +46 26 26 10 23.
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