Trelleborg Jumps 26% After WS Divestment, as Analysts Say Shares Could Reach SEK 350

• (PLX AI) - Trelleborg shares rose 26% after the company sold the Wheel Systems unit for EUR 2.1 billion.
• • The company will book a SEK 6 billion gain on the deal
• • Prior to the announcement, SEB analysts wrote in a report that divesting Wheel Systems could eventually justify a Trelleborg share price of SEK 350
• • Trelleborg closed yesterday at SEK 174.70
• • That report assumed Wheel Systems would be divested for USD 2 billion; Trelleborg got EUR 2.1 billion for it