Fitch: Atlas Copco unaffected by split

Fitch Ratings said that Atlas Copco AB's A, stable ratings should not be affected by the proposal to split the company into two entities in 2018.

Atlas Copco's rating is already at the top end of the sector and the agency does not anticipate a major change in the group's credit profile from the announced transaction.

The group has proposed to spin off the less profitable mining and civil engineering businesses into a separate entity (name to be announced), while keeping the industrial related segments in Atlas Copco, the agency explained. The current time plan foresees presenting the proposal to the annual general meeting in April 2017 and deciding on the spin off in the general meeting in April 2018.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.