Ruukki Group Oyj
RUUKKI GROUP COMPLETES THE SALE OF FINNISH SAWMILL BUSINESS

Ruukki Group Oyj 

23.06.2011 14:30

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13:30 London, 15:30 Helsinki, 23 June 2011 - Ruukki Group Plc, Stock Exchange
Release 

RUUKKI GROUP COMPLETES THE SALE OF FINNISH SAWMILL BUSINESS

Ruukki Group Plc ('Ruukki' or the 'Company') (LSE: RKKI, OMX: RUG1V) is pleased
to announce it has completed the sale of its 51 percent holding in Junnikkala
Oy to Junnikkala Oy's minority shareholders. The total consideration of EUR 6
million will be paid in cash in two parts: EUR 4.5 million has been paid on
completion and EUR 1.5 million on 31 August 2011. All the conditions of the
agreement have been fulfilled, including the approval of the Extraordinary
General Meeting, to complete the transaction. This now concludes the sale of
Ruukki's wood processing business and transforms the Company into an integrated
chrome producer focused on growth, with a FerroAlloys business in southern
Africa and a Speciality Alloys in Europe. 

Junnikkala Oy is a producer of high quality timber. The revenue for the year
ended 31 December 2010 was EUR 59.6 million and the company had 111 employees. 

RUUKKI GROUP PLC
Thomas Hoyer
CEO


For additional information, please contact:

Ruukki Group Plc
Thomas Hoyer, CEO, +358 (0)45 6700 491, thomas.hoyer@ruukkigroup.fi
Markus Kivimäki, General Manager: Corporate Affairs, +358 (0)50 3495 687,
markus.kivimaki@ruukkigroup.fi 

Investec Bank Plc
Stephen Cooper, +44 (0)20 7597 5104, stephen.cooper@investec.co.uk

RBC Capital Markets
Martin Eales, +44 (0)20 7653 4000, martin.eales@rbccm.com
Peter Barrett-Lennard, +44 (0)20 7653 4000, peter.barrett-lennard@rbccm.com


Ruukki Group is a natural resources company with a mining and minerals business
in southern Europe and southern Africa. The Company is listed on NASDAQ OMX
Helsinki (RUG1V) and the Main Market of the London Stock Exchange (RKKI). 
www.ruukkigroup.fi

Distribution:
NASDAQ OMX Helsinki
London Stock Exchange
main media
www.ruukkigroup.fi
News Source: NASDAQ OMX



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Language:     English
Company:      Ruukki Group Oyj
              
               
              Finland
Phone:        
Fax:          
E-mail:       
Internet:     
ISIN:         FI0009800098
WKN:          
 
End of Announcement                             DGAP News-Service
 
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