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2007-11-30 15:20:00 CET 2007-11-30 15:20:00 CET REGULATED INFORMATION Rautaruukki - Company AnnouncementSALE OF RAUTARUUKKI'S REINFORCING STEEL UNITS IN GERMANY AND THE NETHERLANDS CLOSED TODAYRautaruukki Oyj Stock exchange release 30 November 2007 at 16.20 SALE OF RAUTARUUKKI'S REINFORCING STEEL UNITS IN GERMANY AND THE NETHERLANDS CLOSED TODAY Rautaruukki Corporation's divestment of the reinforcing steel business of Ruukki Betonstahl GmbH of Germany and Ruukki Welbond BV of the Netherlands to the Al-Tuwairqi Group of Saudia Arabia has taken effect today. The transaction completes Rautaruukki's withdrawal, started last year, from the reinforcing steel business. The transaction has received regulatory approval from the German competition authorities. Further information is available from: Mikko Hietanen, CFO, tel. +358 20 592 9030 Rautaruukki Corporation Anne Pirilä SVP, Corporate Communications and Investor Relations Rautaruukki supplies metal-based components, systems and integrated systems to the construction and mechanical engineering industries. The company has a wide selection of metal products and services. Rautaruukki has operations in 24 countries and employs 14,500 people. Net sales in 2006 totalled EUR 3.7 billion. The company's share is quoted on the OMX Nordic Exchange Helsinki (Rautaruukki Oyj: RTRKS). The Corporation has used the marketing name Ruukki since 2004. www.ruukki.com DISTRIBUTION OMX Nordic Exchange Helsinki Main media www.ruukki.com |
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