SSAB has completed divesting remedy assets under the Rautaruukki combination and paid the redemption price to minority shareholders
The European Commission approved the combination of SSAB AB (SSAB) and Rautaruukki Corporation (Rautaruukki) on July 14, 2014, subject to commitment by SSAB to divest certain assets. As announced earlier, the European Commission approved the buyers of these assets in February 2015. The transactions required have now been completed. Also the redemption price confirmed on December 22, 2014 by the arbitral tribunal of Finland Chamber of Commerce, together with the interest accrued thereon, has now been paid to the minority shareholders in Rautaruukki Corporation.On January 22, 2014, SSAB and