SKF conducts strategic evaluation of its Aerospace organization

Dec 8 (Reuters) – Swedish bearings maker SKF (SKFb.ST) claimed on Thursday it was reviewing the ownership of its aerospace business, confirming before stories.”CEO Rickard Gustafson will announce that the Group is conducting a strategic assessment of its Aerospace company, thinking of ongoing consolidation in the market,” SKF claimed in a statement forward of its funds markets working day.Bloomberg News described on Tuesday that a opportunity sale had been prompted by calls for a change from its next greatest operator, activist investor Cevian Cash.SKF’s aerospace small business accounts for all around 5% of team income, according to brokerage Berenberg.(This tale has been corrected to take care of the spelling of ‘Aerospace’ in the headline)Reporting by Marie Mannes and Terje Solsvik, enhancing by Anna RingstromOur Specifications: The Thomson Reuters Believe in Concepts.

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