6 oktober, 2006
08:00 CET
Update on sale process of Oy Ovako Ab
Rautaruukki Oyj Stock Exchange Release 6 Oct, 2006 at 9:00
With reference to the stock exchange release issued on July 17th 2006, the
regulatory process in the sale of the operating units of Oy Ovako Ab to the Dutch-
German buying consortium is still ongoing. The closing is expected to be
completed during the fourth quarter of 2006. As a consequence, the expected
capital gain will materialise during the fourth quarter of 2006 and Ovako will be
included in associated company income for the third quarter in 2006.
Further information:
Mikko Hietanen, CFO, tel. +358 20 592 9030
Rautaruukki Corporation
Taina Kyllönen
VP, Corporate Communications
Rautaruukki supplies metal-based components, systems and integrated systems to
the construction and mechanical engineering industries. The company has a wide
selection of metal products and services. Rautaruukki has operations in 23
countries and employs 12,000 people. Net sales in 2005 totalled EUR 3.7 billion.
The company's share is quoted on the Helsinki Exchanges (Rautaruukki Oyj: RTRKS).
The Corporation has used the marketing name Ruukki since 2004.
DISTRIBUTION:
Helsinki Exchanges
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