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2011-02-04 08:00:00 CET 2011-02-04 08:00:53 CET REGULATED INFORMATION Rautaruukki - Company AnnouncementRautaruukki to change its legal corporate structure in Finland to correspond to its business structureRautaruukki Corporation Stock exchange release 4 February 2011 at 9.00am Rautaruukki Corporation is to divide its Finnish operations into four different companies. Ruukki's construction business, engineering business, steel business and stainless steel and aluminium trading business will each act as separate business entities from 1 May 2011. Rautaruukki Corporation is the parent company of the new companies. The arrangement is purely an administrative one under which the group will reorganise its corporate structure to correspond to its existing businesses. The entire business of all the Finnish units mentioned above will be transferred to the new companies. The personnel will transfer without any change of employment benefits. The arrangements do not apply to the group's units outside Finland. The demerger will have no impact on Rautaruukki Corporation's financial reporting. The reporting segments will continue to be the construction business (Ruukki Construction), the engineering business (Ruukki Engineering) and the steel business (Ruukki Metals) Rautaruukki Corporation will continue providing corporate support functions. For further information, please contact: Olli Huuskonen, SVP, General Counsel, tel. +358 20 592 9300 Rautaruukki Corporation Anne Pirilä SVP, Communications and Investor Relations Rautaruukki supplies metal-based components, systems and integrated systems to the construction and engineering industries. The company has a wide selection of metal products and services. Rautaruukki has operations in 27 countries and employs around 11,700 people. Net sales in 2010 totalled EUR 2.4 billion. The company's share is quoted on NASDAQ OMX Helsinki (Rautaruukki Oyj: RTRKS). The Corporation uses the marketing name Ruukki. DISTRIBUTION: NASDAQ OMX Helsinki Main media www.ruukki.com [HUG#1485394] |
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