SSAB divests Ruukki Construction’s business operations in Russia
SSAB has agreed to divest Ruukki Construction’s business operations in Russia (OOO Ruukki Rus) to Open Joint Stock Company Salavatneftemash. The transaction is expected to complete in Q4 2018 and is subject to the approval of the Russian competition authority. The transaction excludes the right to the Ruukki brand.“Our strategy is to achieve profitable growth in the product businesses, Residential Roofing and Building Components, and to grow market share in our current main market areas. In the project business, Building Systems, we want to further improve profitability by developing our