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Agency / Source: Outokumpu OYJ

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Outokumpu Sold its Brass Rod Plant - Outokumpu has sold its brass rod plant in Drünen in the Netherlands to Bons & Evers Holding BV, a privately owned Dutch metals company - Outokumpu.com
Outokumpu Sold its Brass Rod Plant

 

PRZOOM - /newswire/ - Espoo, Finland, 2012/06/04 - Outokumpu has sold its brass rod plant in Drünen in the Netherlands to Bons & Evers Holding BV, a privately owned Dutch metals company - Outokumpu.com. OUT1V

   
 
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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
T: +358 9 421 2438 / M: +358 40 51 51 531

Saara Tahvanainen – Media Relations
T: +358 9 421 3265 / M: +358 40 589 0223

About OUTOKUMPU OYJ

Outokumpu (outokumpu.com) 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.

 
 
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Agency / Source: Outokumpu OYJ

 
 

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Outokumpu Sold its Brass Rod Plant

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OUTOKUMPU OYJ |
Contact: Press Office - Outokumpu.com 
+358 9 421 2569 corporate.info[.]outokumpu.com
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Outokumpu OYJ securities in any jurisdiction including any other companies listed or named in this release.

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