Outokumpu to acquire full ownership of AvestaPolarit
Outokumpu to acquire full ownership of AvestaPolarit Outokumpu Oyj, the parent company (52.4% of shares and votes) of the stainless steel producer AvestaPolarit Oyj Abp, has agreed with the other principal owner Corus Group plc (23.2%) that Outokumpu will acquire all AvestaPolarit shares owned by Corus at a price of EUR 6.55 per share, conditional upon clearance by the European Commission. Upon completion of the acquisition, Outokumpu will make a mandatory cash offer to the other shareholders in AvestaPolarit to acquire the remaining AvestaPolarit shares at the same price. The mandatory