Transaction: Divestments
Date: September 2010
Deal value: Not disclosed
Process: Private auction
Industry: Manufacturing

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FLSmidth is a leading supplier of equipment and services to the global cement and minerals industries employing more than 10,500 people in more than 40 countries world-wide. FLSmidth supplies everything from single machinery to complete cement plants and minerals processing facilities including services before, during and after the construction. FLSmidth is listed on the NASDAQ OMX Copenhagen Stock Exchange.The rolling mill busines is active in the area of project management, engineering, fabrication, installation and services related to rolling mill technology mainly for the steel industry.

The rolling mill business was divested in a management buy-out to the existing management team.

The rolling mill business was non-core activity to FLSmidth.