Outokumpu Oyj
Outokumpu sold its brass rod plant
Outokumpu Oyj 04.06.2012 10:00 Dissemination of a Adhoc News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- OUTOKUMPU OYJ STOCK EXCHANGE RELEASE 4 June 2012 at 11.00 am EET Outokumpu has sold its brass rod plant in Drünen in the Netherlands to Bons & Evers Holding BV, a privately owned Dutch metals company. In 2011, the brass rod plant had a turnover of approximately EUR 75 million, and it currently employs approximately 170 people. The consideration and cash flow impact of this transaction are marginal. However, Outokumpu will book a loss of approximately EUR 17 million in the Group's second quarter accounts from this transaction. After the sale, Outokumpu has divested all its brass operations. For further information, please contact: Ingela Ulfves - Investor Relations tel. +358 9 421 2438, mob. +358 40 51 51 531 Saara Tahvanainen - Media Relations tel. +358 9 421 3265, mob. +358 40 589 0223 OUTOKUMPU OYJ Outokumpu is a global leader in stainless steel with the vision to be the undisputed number one. Customers in a wide range of industries use our stainless steel and services worldwide. Being fully recyclable, maintenance-free, as well as very strong and durable material, stainless steel is one of the key building blocks for sustainable future. Outokumpu employs some 8 000 people in more than 30 countries. The Group's head office is located in Espoo, Finland. Outokumpu is listed on the NASDAQ OMX Helsinki. www.outokumpu.com News Source: NASDAQ OMX 04.06.2012 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Outokumpu Oyj Finland Phone: Fax: E-mail: Internet: ISIN: FI0009012454 WKN: End of Announcement DGAP News-Service ---------------------------------------------------------------------------
Latest News
Latest Reports
No Reports found
Upcoming Events
No Events found
Webcasts
No Webcasts found