State of Finland Changes Holding in Outokumpu Oyj
12/15/2008 - The State of Finland transfers its holding in Outokumpu Oyj to its wholly-owned company Solidium Oy.
Outokumpu Oyj announced a change in the holding of the State of Finland.
The State of Finland transferred its holding in Outokumpu Oyj to its wholly-owned company Solidium Oy (Business ID 0866693-1) on December 11, 2008. Under the exemption granted in October from the Finnish Financial Supervision Authority, Solidium does not have an obligation to launch a tender offer.
With reference to Section 2, paragraph 9 of the Finnish Market Securities Act and the relevant decision of the Finnish Ministry of Finance, Outokumpu Oyj reports that Solidium Oy holds 56 440 597 shares in Outokumpu Oyj corresponding to 31.10% of the Company's share capital and voting rights.
The share capital of Outokumpu Oyj consists of 181,451,883 shares, with each share having one vote.
Outokumpu is a global leader in stainless steel with a vision to be the undisputed number one in stainless, with success based on operational excellence. The company’s stainless steel and services are used worldwide by customers in a wide range of industries.
Outokumpu operates in some 30 countries and employs more than 8000 people. The Group's head office is located in Espoo, Finland.
