Trelleborg share price up 16% after Wheel Systems acquisition reports

Trelleborg AB’s share price has risen sharply following reports that the company is in talks relating to the sale of the Trelleborg Wheel Systems business.

At the time of going to press (midday 4 January 2022), Trelleborg shares were trading at an all-time high of 245.70 Swedish krone on the Nasdaq Stockholm stock exchange. That figure represents an increase of 16.45 per cent compared with the 211 krone price attached to Trelleborg stock on 14 December 2021.

Trelleborg’s 27 December 2021 confirmation that company is in talks with “external parties” regarding the sale of Trelleborg Wheel Systems appear to have led to a second increase in the company’s share price (see chart).