Sandvik Gets EUR500 Million Loan From European Investment Bank
January 18 2023 - 9:26AM
Dow Jones News
By Dominic Chopping
STOCKHOLM--Swedish engineering group Sandvik AB said Wednesday
it has signed a 500 million euro ($539.4 million) loan agreement
with the European Investment Bank.
The loan will support Sandvik's investments in research and
development, which includes advanced solutions in component
manufacturing as well as solutions for electrification and
automation in mining and infrastructure, it said.
The loan has a seven-year tenor and will support Sandvik's
R&D investment plans until 2025.
Write to Dominic Chopping at dominic.chopping@wsj.com
(END) Dow Jones Newswires
January 18, 2023 09:11 ET (14:11 GMT)
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