Outokumpu Divests Its Remaining Long Products Operations In Sweden
April 1 (Reuters) -Outokumpu Oyj OUT1V.HE:
OUTOKUMPU DIVESTS ITS REMAINING LONG PRODUCTS OPERATIONS IN SWEDEN
ENTERPRISE VALUE OF TRANSACTION IS EUR 12 MILLION AND IT HAS A POSITIVE CASH IMPACT FOR OUTOKUMPU
OUTOKUMPU BOOKS A LOSS OF APPROXIMATELY EUR 30 MILLION BASED ON CURRENT ESTIMATES OF CONSIDERATION
SIGNED AN AGREEMENT TO DIVEST THESE OPERATIONS IN DEGERFORS AND STORFORS TO COGNE ACCIAI SPECIALI
AMOUNT OF BOOK LOSS WILL BE RECORDED IN QUARTER WHEN TRANSACTION IS COMPLETED
OUTOKUMPU EXPECTS TO COMPLETE DIVESTMENT IN A COUPLE OF MONTHS
TRANSACTION WILL BE CARRIED OUT AS A SHARE SALE
OUTOKUMPU'S OTHER OPERATIONS IN DEGERFORS ARE NOT AFFECTED BY DIVESTMENT
Source text for Eikon: [ID:]
Further company coverage: OUT1V.HE
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