Outokumpu confirms agreement in principle with ThyssenKrupp to create a global stainless steel leader
STOCK EXCHANGE RELEASE31 January 2012 at 12.20 pm EETOutokumpu confirms that it has reached an agreement in principle in itsnegotiations with ThyssenKrupp to combine Inoxum, the stainless steel unit ofThyssenKrupp, with Outokumpu under the operational leadership of Outokumpu. Thisis pending the approval of Outokumpu's Board of Directors later today andexecution of definitive agreements.The agreement reached with the German labor representatives overnight marks asignificant milestone in the negotiations. Specifically, it covers the followingareas: - Closure of the Krefeld meltshop