Scana sells 49% stake in Scana Korea Hydraulic joint venture to partner

Scana ASA, through subsidiary Scana Valve Control, agreed to transfer its 49% stake in the Korean joint venture Scana Korea Hydraulic to SKH for about NOK 40 million, with closing expected in Q2 2023, alongside a new strategic cooperation agreement with Skarpenord.

“The purchase price of approx. NOK 40 million will have a positive effect on Scana's cash flow”skarpenord.no

• 1 source
• skarpenord.noScana sells its shares in Scana Korea Hydraulic and continues cooperation with partnership agreement - SkarpenordMay 2, 2023

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