LKAB acquires 49 percent of the shares in Duroc Rail AB - another strategic investment in railway and logistics
LKAB acquires 49 percent of the shares in Duroc Rail AB from the Nasdaq-listed Duroc AB group, which retains majority ownership of 51 percent. The preliminary purchase price is approximately SEK 75 million. At the same time, LKAB will invest up to SEK 200 million to build a new industrial property for Duroc Rail at Hertsöfältet in Luleå. Duroc Rail is a certified operator with unique expertise in wheel maintenance for locomotives and wagons with experience of the climate in northern Sweden.The Ore Railway runs between the port of Luleå and the port of Narvik, passing by the iron ore fields