FLSmidth completes acquisition of TK Mining
Published by Will Owen,
Editor
Global Mining Review,
FLSmidth has released high-level, preliminary and unaudited financial figures for thyssenkrupp’s Mining business (TK Mining), as well as an update on the company’s Russian activities.
The final closing of FLSmidth’s acquisition of TK Mining took place on 31 August 2022.
Highlights:
- TK Mining’s total outstanding order backlog amounted to €698 million at end July 2022.
- TK Mining has suspended new business in Russia, while contracts with non-sanctioned customers are being finalised to the extent possible.
- TK Mining’s outstanding order backlog from Russian activities amounted to around €43 million by end July 2022.
- Other potential exposure and risks related to Russia remain subject to audit.
Read the article online at: https://www.globalminingreview.com/mining/07092022/flsmidth-completes-acquisition-of-tk-mining/
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