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2007-03-29 12:45:06 CEST 2007-03-29 12:45:06 CEST REGULATED INFORMATION Ruukki Group Oyj - Company AnnouncementRUUKKI GROUP: ADDITIONAL INFORMATION ON TERVOLAN SAHA JA HÖYLÄÄMÖ ACQUISITIONThe estimated total purchase price of Tervolan Saha ja Höyläämö acquisition is EUR 8.1 million, of which EUR 6.3 million has been paid in cash by Ruukki Group during 2006. In addition, there are earn-out based elements that depend on the future profitability of the acquired company. This earn-out portion of the total purchase price has been estimated. Tervolan Saha ja Höyläämö Ltd's revenue for the period 1.2.2006 - 31.12.2006 (11 months) totalled EUR 10.5 million. Its subsidiary VK Timber Ltd recognised EUR 2.8 million revenue for the period 13.10.2005 - 31.12.2006 (roughly 14 months). Both units recorded good profitability in financial year 2006. VK Timber Ltd has been a subsidiary of Tervolan Saha ja Höyläämö Ltd from 1.10.2006 onwards, and Tervolan Saha has been consolidated into Ruukki Group from October as well. Ruukki Group owns approximately 91.4 % of Tervolan Saha ja Höyläämö's shares. RUUKKI GROUP PLC Antti Kivimaa Chief Executive Officer Ruukki Group is a multi-sector industrial group having mainly majority ownership interests in various small and medium-sized companies in e.g. house building, sawmilling business, furniture business and care services. Ruukki Group share (RUG1V) is listed on OMX Nordic Exchange's so-called small cap category. For further information, please contact: Antti Kivimaa Chief Executive Officer Ruukki Group Plc Telephone +358 400 501 780 www.ruukkigroup.fi |
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