June 13, 2008 8:00 CEST 6 min read
All closing conditions with respect to SSAB’s sale of Division IPSCO’s tubular operations have been fulfilled. The closing of the tubular operations sale has thereby occurred, effective upon June 12, 2008.
In connection therewith, David Britten will take over as head of the North America Division, while John Tulloch leaves the company upon retirement.
During the period 27 November - 01 December 2023, SSAB AB (publ) (LEI 529900329VS14ZIML164) has repurchased in total 1,698,000 own shares, of which 416,000 shares of series A (ISIN: SE0000171100) and 1,282,000 shares of series B (ISIN: SE0000120669), as part of the share buy-back program initiated by the Board of Directors with the purpose to adjust the company’s capital structure so as to create greater value for the company’s shareholders.
SSAB and Vattenfall have signed a letter of intent regarding deliveries of fossil-free steel produced with HYBRIT technology. SSAB will, using input material from the HYBRIT pilot plant in Luleå, deliver fossil-free steel to Vattenfall to use in its operations.
SSAB representatives will participate in more than 20 seminars and round tables during the United Nations Climate Change Conference, COP28, in Dubai. Our key message is that we have the technology to get rid of fossil emissions from steelmaking – now we need policymakers to create the enabling framework for a faster roll-out.