Rautaruukki and Ruukki Group settle name dispute - Ruukki Group to change its names
(Thomson Reuters ONE) -
Rautaruukki Corporation Stock exchange release 30 April 2013 at 2pm EEST
Rautaruukki Corporation (Ruukki) and Ruukki Group Plc have today settled their
name dispute. Consequently Ruukki Group is to change its names. Ruukki Group is
to assign all its rights to the Ruukki name and Ruukki trademark to Rautaruukki.
The agreement includes a transition period of six months within which time
Ruukki Group will change the names of the listed company and all its
subsidiaries. Under the agreement, Ruukki Group will assign all Ruukki
trademarks in its possession and its rights to the Ruukki name to Ruukki.
Thereafter, the parties will abandon legal actions initiated against each other.
Rautaruukki will pay Ruukki Group compensation for the rights. This compensation
is not significant.
Rautaruukki has been using the Ruukki name since the 1970s in many products and
product groups. Rautaruukki's Ruukki trademark is registered or registration is
pending in a total of 95 countries. In addition, the names of Rautaruukki
Corporation's subsidiaries in different countries have been registered as
beginning with the name Ruukki.
Earlier releases:
21 December 2009 Rautaruukki initiates legal proceedings to protect its Ruukki
trademark
15 June 2010 Legal proceedings pending: Rautaruukki adheres to its legal action
initiated in respect of trademark and company name infringement
15 June 2012 District court dismissed Ruukki Group's claim
For further information, please contact:
Olli Huuskonen, SVP, General Counsel, tel. +358 20 5929 300
Taina Kyllönen
SVP, Marketing and Communications
Ruukki specialises in steel and steel construction. We provide customers with
energy-efficient steel solutions for better living, working and moving. We have
around 9,000 employees and an extensive distribution and dealer network across
some 30 countries including the Nordic countries, Russia and elsewhere in Europe
and the emerging markets, such as India, China and South America. Net sales in
2012 totalled EUR 2.8 billion. The company's share is quoted on NASDAQ OMX
Helsinki (Rautaruukki Oyj: RTRKS). www.ruukki.com
DISTRIBUTION:
NASDAQ OMX Helsinki
Main media
www.ruukki.com
This announcement is distributed by Thomson Reuters on behalf of
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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: Rautaruukki Oyj via Thomson Reuters ONE
[HUG#1697790]
Unternehmensinformation / Kurzprofil:
Datum: 30.04.2013 - 13:00 Uhr
Sprache: Deutsch
News-ID 254495
Anzahl Zeichen: 3018
contact information:
Town:
Helsinki
Kategorie:
Business News
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