Luossavaara-Kiirunavaara AB agreed to acquire a 49% stake in Duroc Rail AB from Duroc AB (OM:DURC B) for approximately SEK 75 million .

Duroc AB is a Sweden-based investment company primarily engaged in the acquisition, development and management of companies with a focus on trade and industry. Duroc AB’s operations are divided into seven operating segments: IFG segment is engaged in manufacture of polypropylene-based staple fibers; Drake Extrusion segment takes care of manufacture of polypropylene-based colored filament yarn and staple fiber; Cresco segment is engaged in development, manufacture and sale of textile-based solutions for cultivation of crops; Cotting Group segment manages the production of polyvinyl chloride (PVC) and polyurethane (PU) coated textiles; Duroc Machine Tool Group segment supplies machine tools, tools, machine service and support for engineering companies; Duroc Rail segment is engaged in maintenance of railway wheels for locomotives and passenger and freight cars; and Smaller Company Portfolio segment activities involve production of diesel engines and pipe bending machines.