Finland's Metso says it has no plans for a Sandvik tie-up
Adds quote, detail, Sandvik spokesperson, share reaction in paragraphs 2-5
COPENHAGEN, Aug 19 (Reuters) -Finnish mining equipment makerMetso METSO.HE said on Monday it has no ongoing plans for a tie-up with the rival mining equipement business unit of Sweden's Sandvik SAND.ST.
Swedish business daily Dagens Industri on Sunday reported that Metso shareholders were contemplating a merger of the company with the Sandvik mining business, potentially forming a regional Nordic giant.
"Market rumours have been made public regarding Metso and Swedish Sandvik's mining business. Metso has no information related to the speculations and no related insider project exists," Metso said in a statement on Monday.
A Sandvik spokesperson declined to comment.
Shares in Metso traded up 3.4% by 0819 GMT while Sandvik's were up and 2.0%.
Reporting by Louise Breusch Rasmussen, Anna Chaberska and Stine Jacobsen, editing by Terje Solsvik
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