Metso Denies Market Rumors Regarding Sandvik Mining Business
Finnish company Metso Oyj has commented on market rumors circulating regarding the company and Swedish Sandvik's mining business. Metso stated it has no information related to the speculations and no internal project exists.
Metso Oyj has responded to public market rumors concerning the company and the mining business operations of Swedish firm Sandvik AB. The speculations have circulated within the industry, suggesting potential strategic moves.
The Espoo-based company issued a statement on Wednesday indicating a lack of information regarding the basis of these market speculations. Metso explicitly denied the existence of any related internal project. The company did not provide further details on the nature or origin of the rumors.
Sandvik's mining segment has been the subject of market conjecture recently. Metso operates globally, providing technologies and services for the aggregates, minerals processing, and metals refining industries. In 2023, Metso reported sales of approximately EUR 5.4 billion and employs over 17,000 people in close to 50 countries.
The company, listed on Nasdaq Helsinki, confirmed the statement through Juha Rouhiainen, Vice President of Investor Relations.