Metso Corporation’s partial demerger has been registered
Neles Corporation, stock exchange release, June 30, 2020 at 20:00 EEST
The Boards of Directors of Metso Corporation (“Metso”) and Outotec Oyj have resolved to complete the combination of Metso’s Minerals business and Outotec Oyj through a partial demerger of Metso in accordance with the demerger plan and combination agreement signed on July 4, 2019. The completion of Metso’s partial demerger was registered today at the Finnish Trade Register.
After the partial demerger, Metso became Neles Corporation (“Neles”). Trading in the shares of Neles on the official list of Nasdaq Helsinki Ltd will commence on July 1, 2020 under the trading code NELES. At the beginning of the public trading, the number of Neles shares is 150,348,256.
For further information, please contact:
Rita Uotila, Vice President, Investor Relations, Neles Corporation, tel. +358 400 954141
Elisa Erkkilä, General Counsel, Neles Corporation, tel. +358 40 754 4411
Neles is one of the leading providers of mission-critical flow control solutions and services for process industries. With our global team of experts and innovative solutions, we help our customers to improve their process performance and ensure the safe flow of materials. Neles is listed on the Nasdaq Helsinki in Finland and had sales of about EUR 660 million in 2019. Neles employs about 2,900 people in approximately 40 countries. Neles was created in the partial demerger of Metso Corporation, and trading in Neles stock started on July 1, 2020.