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Written by / Agency / Source: Atlas Copco AB
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Atlas Copco Sells Financial Assets - Atlas Copco Customer Finance has sold a portfolio of financing and leasing contracts, related to customer financing, to an independent bank - AtlasCopco.com
Atlas Copco Sells Financial Assets

 

NewswireToday - /newswire/ - Stockholm, Sweden, 2012/08/20 - Atlas Copco Customer Finance has sold a portfolio of financing and leasing contracts, related to customer financing, to an independent bank - AtlasCopco.com.

   
 
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The value of the portfolio amounts to approximately MSEK 1 400, and a book profit of approximately MSEK 100 related to the transaction will be reported in the third quarter of 2012.

The gain from the transaction will be reported as operating profit in Common Group Functions/Eliminations.

Atlas Copco (atlascopco.com) is an industrial group with world-leading positions in compressors, expanders and air treatment systems, construction and mining equipment, power tools and assembly systems. With innovative products and services, Atlas Copco delivers solutions for sustainable productivity. The company was founded in 1873, is based in Stockholm, Sweden, and has a global reach spanning more than 170 countries. In 2011, Atlas Copco had 37 500 employees and revenues of BSEK 81 (BEUR 9).

 
 
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Written by / Agency / Source: Atlas Copco AB

 
 

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Atlas Copco Sells Financial Assets

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Publisher Contact: Mattias Olsson - AtlasCopco.com 
+46(0)8 743 8291 / +46(0)70 149 8291 ir[.]se.atlascopco.com
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Atlas Copco AB securities in any jurisdiction including any other companies listed or named in this release.

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