Ssab Ab News

Finland Steel Firms Deal Flagged by Helsinki Bourse

"If the exchange offer for all the shares in Rautaruukki announced by SSAB on 22,January 2014 is completed, the ownership of SSAB in Rautaruukki would, upon the completion of the settlement trades of the shares tendered into the exchange offer by 5, May 2014 (including the acceptance of the exchange offer by Rautaruukki's largest shareholder Solidium Oy, in accordance with the undertaking provided in advance by Solidium Oy) exceed 50 percent of all the shares and voting rights in Rautaruukki. SSAB would, upon the completion of the settlement trades of the shares tendered into the exchange offer by 5 May 2014 gain the hold of 70,639,731 of Rautaruukki's shares, which would equate to 50.40 percent of the total outstanding shares and votes in Rautaruukki.