Outokumpu - Tubinoxia becomes majority shareholder in the OSTP tubular joint venture

OUTOKUMPU OYJ
STOCK EXCHANGE RELEASE
January 18, 2013 at 9.00 am EET
 

Outokumpu’s partner in the OSTP tubular joint venture, Tubinoxia S.r.l. has exercised its call option and acquired additional 15% of the joint venture’s shares from Outokumpu. Tubinoxia, an Italian company controlled by Andrea Gatti, has thus increased its ownership in OSTP from 36% to 51%.

The OSTP joint venture was formed in July 2011 when Outokumpu decided to exit from the tubular business as part of its restructuring program. Outokumpu remains as a minority shareholder with a 49% stake in the joint venture.

The consideration and cash flow impact of this transaction are marginal.

For further information:

Outokumpu:

Tamara Weinert, Investor Relations
tel. +358 9 421 2438, mob. +358 40 751 7194

Saara Tahvanainen, Media Relations
tel. +358 9 421 3265, mob. +358 40 589 0223

OSTP and Tubinoxia:

Kalle Luoto, OSTP
tel. +358 40 552 9682

Andrea Gatti, Tubinoxia
tel. +39 335 606 4896

Outokumpu Oyj



Outokumpu is the global leader in stainless steel and high performance alloys. Our advanced materials are the ideal choice for demanding applications ranging from cutlery to bridges, energy plants to medical equipment. Stainless steel contributes to a sustainable and long lasting world as it is a 100% recyclable, corrosion-resistant, maintenance-free, durable and hygienic material. Outokumpu employs approximately over 16 000 professionals in over 40 countries, with the Group’s head office in Espoo, Finland and shares listed on the NASDAQ OMX Helsinki. www.outokumpu.com