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2013-01-18 08:00:00 CET 2013-01-18 08:00:06 CET REGULATED INFORMATION Outokumpu Oyj - Company AnnouncementOutokumpu - Tubinoxia becomes majority shareholder in the OSTP tubular joint ventureOUTOKUMPU OYJ STOCK EXCHANGE RELEASE January 18, 2013 at 9.00 am EET Outokumpu's partner in the OSTP tubular joint venture, Tubinoxia S.r.l. has exercised its call option and acquired additional 15% of the joint venture's shares from Outokumpu. Tubinoxia, an Italian company controlled by Andrea Gatti, has thus increased its ownership in OSTP from 36% to 51%. The OSTP joint venture was formed in July 2011 when Outokumpu decided to exit from the tubular business as part of its restructuring program. Outokumpu remains as a minority shareholder with a 49% stake in the joint venture. The consideration and cash flow impact of this transaction are marginal. For further information: Outokumpu: Tamara Weinert, Investor Relations tel. +358 9 421 2438, mob. +358 40 751 7194 Saara Tahvanainen, Media Relations tel. +358 9 421 3265, mob. +358 40 589 0223 OSTP and Tubinoxia: Kalle Luoto, OSTP tel. +358 40 552 9682 Andrea Gatti, Tubinoxia tel. +39 335 606 4896 Outokumpu Oyj Outokumpu is the global leader in stainless steel and high performance alloys. Our advanced materials are the ideal choice for demanding applications ranging from cutlery to bridges, energy plants to medical equipment. Stainless steel contributes to a sustainable and long lasting world as it is a 100% recyclable, corrosion-resistant, maintenance-free, durable and hygienic material. Outokumpu employs approximately over 16 000 professionals in over 40 countries, with the Group's head office in Espoo, Finland and shares listed on the NASDAQ OMX Helsinki. www.outokumpu.com |
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