Atlas Copco's mining spin-off focuses the company on its core competencies.
Atlas Copco reported fiscal 2017 results that were slightly below consensus expectations; however, the focus going forward will be on the 2018 spin-off of the mining/civil engineering business and valuation of the remaining, and more interesting, vacuum and compressor businesses. The company has not yet released full financials for the two businesses, and so we cannot make a full assessment at this point. However, volumes in these two businesses were up 3% for the fourth quarter of 2016, and wit...
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