Outokumpu sells real estate in Germany for EUR 90 million
Outokumpu OyjInside informationMay 8, 2019 at 8.00 am EEST Outokumpu sells real estate in Germany for EUR 90 million Outokumpu and CG Gruppe AG have signed an agreement regarding the sale of Outokumpu’s real estate in Benrath, Germany. The value of the transaction is EUR 90 million. The deal is expected to be closed in the third quarter and the cash proceeds will be used to reduce debt. The positive impact on EBITDA from the transaction is expected to be approximately EUR 68 million which will be reported as an adjustment in the third-quarter results. The sold land has been