24 maart, 2006
09:45 CET
Rautaruukki received competition authority approval for purchase of Steel-Mont
Rautaruukki Oyj Stock Exchange Release 24 March 2006 at 10.45
Rautaruukki Corporation has received approval from competition authorities to
purchase Steel-Mont a.s. The transaction is expected to be finalised within two
weeks. The total purchase price is about 10 million euros.
Steel-Mont is the leading steel constructor in Slovakia, with net sales in 2005
of EUR 27 million. The company employed 129 people at the end of 2005. The
company's customers are international and Slovak investors and construction
companies building industrial and commercial premises in Slovakia.
The purchase of Steel-Mont will boost the implementation of Ruukki's strategy.
Ruukki's goal is to be one of the leading suppliers of metal-based construction
solutions in the Nordic countries and central eastern Europe.
Further information:
Mikko Hietanen, CFO, tel. +358 20 592 9030
Rautaruukki Corporation
Taina Kyllönen
VP, Corporate Communications
Ruukki 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. Ruukki 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 Corporation:
RTRKS). The Corporation has used the marketing name Ruukki since 2004.
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