Ruukki Construction to divest Building Systems
Ruukki Construction has agreed to divest its Building Systems business to Donges Group, which is fully owned by the German-based investment company Mutares. Building Systems constitutes around 20% of Ruukki Construction’s total sales. The divestment will allow Ruukki Construction to fully focus on profitable growth in its product businesses within Residential Roofing and Building Components.Subject to the approval of relevant competition authorities, the transaction is expected to close by the end of 2019. The business now being divested had sales of around SEK 1.1 billion in 2018 with a