News and Events

Ovako AB (publ) has successfully concluded its refinancing through raising €300 million of Senior Secured Notes due 2019 (the "Notes") at 6.50%. The net proceeds from the issuance and sale of the Notes will be mainly used to repay the amounts outstanding under certain existing indebtedness and general corporate purposes.

The commercial court of Nanterre has made a decision regarding the bid for the assets of Ascometal, in favour of the French consortium that includes…

Ovako is negotiating to join the group of French industrialists and investors that announced on May 5th that it planned to make a bid for the assets of French engineering steel maker Ascometal, currently under bankruptcy procedures. The negotiation concerns a small minority share for Ovako.

Read CEO Tom Erixon's comments on Ovako's Interim Report for First Quarter 2014 and get the financial report.

Ovako has today published its Annual Report for 2013. An English or a Swedish version can be downloaded on the Group’s website www.ovako.com/Financial-information/.

Read CEO Tom Erixon's comments on Ovako's Year End report and Fourth Quarter 2013 and get the financial report.

Karin Lagerstedt Woolford has been appointed Director of Human Resources for the Ovako Group and member of group management.

Ovako is today launching next-generation M-Steel® at the Elmia trade show in Jönköping, Sweden. M-steel, which stands for machinability steel , has been developed with a focus on improving customers’ productivity and profitability. The optimisation of M-Steel and its applications are part of Ovako’s commitment to close customer collaboration and development.