AB SKF, Rautaruukki Corporation, and Wärtsilä Corporation signed in July 2006 an agreement to sell the operating companies owned by Oy Ovako Ab to a company owned by the shareholders of Hombergh Holdings BV, WP de Pundert Ventures BV and Pampus Industrie Beteiligungen GmbH & Co. KG. Relevant regulatory approvals have been received and the transaction is expected to close in November 2006.

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