Trelleborg fined for disclosure failures regarding TWS sale

Stockholm – Nasdaq Stockholm has ordered Trelleborg AB to pay a fine of four annual fees, equivalent to an amount of SEK9.6 million (€879,000), for failing to disclose information regarding the sale of its Trelleborg Wheel Systems (TWS) business in a timely manner.

The exchange’s disciplinary committee, said Trelleborg in a 30 Nov statement, found that the group should have acted more swiftly in disclosing information about the sale to Yokohama Rubber Co. during the Christmas weekend in December 2021.

However, Trelleborg argued that it had handled the matter correctly, explaining that “only early discussions with external partners were taking place in December 2021.”

These discussions, according to the Swedish group, “were not sufficiently precise to inform the market.”

Trelleborg officially announced the SEK22 billion deal to divest the TWS business to Yokohama Rubber on 25 March.

Prior to the announcement, the Swedish group had rebuffed reports about the planned sale as ”unsubstantiated and speculative rumours.”