SOLIDIUM INVESTS IN OUTOTEC OYJ
(Thomson Reuters ONE) -
Solidium now owns 5.1 per cent of the shares
Solidium Oy has acquired 5.1 per cent of the shares in Outotec Oyj for
approximately EUR 91 million. Average purchase price of the shares was EUR 39.1
per share. Outotec is one of the world's leading technology and service
providers for the mining and metals industries.
"Outotec fits well into Solidium's portfolio. There is a lot of expertise in
Finland related to mining and metallurgy and Outotec is a key company in this
cluster. Outotec is a remarkable company with top quality expertise in the value
chain from minerals to metals. Outotec's prospects are good especially because
the growth in the developing markets drives an increasing need for minerals and
metals processing capacity. We consider the company as a very interesting
investment target. Solidium might increase its holding in the company further,
depending on market conditions", says Solidium's Managing Director Kari
Järvinen.
Outotec is a leading provider of technologies and process solutions for the
mining and metallurgical industries. The company is also a pioneer in developing
sustainable process solutions. In 2011 the company's turnover was EUR 1 386
million and operating profit excluding one-off items amounted to EUR 122
million. The number of employees amounted to approximately 3 900 at the end of
year 2011. Outotec operates globally: it has offices in 24 countries and it
supplies to more than 80 countries. The company's shares are listed on NASDAQ
OMX in Helsinki.
Further information: Managing Director Kari Järvinen, Solidium Oy, tel. +358
(0)10 830 89 05
Solidium is a limited company wholly owned by the State of Finland. Its mission
is to strengthen and stabilise Finnish ownership in nationally important
companies and increase the value of its holdings in the long run. Investment
activities are based on financial analysis. The core of Solidium's investment
strategy is proper, value enhancing asset management of the current holdings.
Through its stakes, Solidium is a minority owner in twelve listed companies:
Elisa, Kemira, Metso, Outokumpu, Outotec, Rautaruukki, Sampo, Sponda, Stora
Enso, Talvivaara Mining Company, TeliaSonera and Tieto. The market value of
Solidium's investments is approximately EUR 7.6 billion at the date of this
press release. Further information:www.solidium.fi
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(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Solidium Oy via Thomson Reuters ONE
[HUG#1591537]
Unternehmensinformation / Kurzprofil:
Datum: 07.03.2012 - 07:31 Uhr
Sprache: Deutsch
News-ID 122497
Anzahl Zeichen: 3173
contact information:
Town:
Helsinki
Kategorie:
Business News
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