November 30, 2007
15:20 CET
Sale of Rautaruukki's reinforcing steel units in Germany and the Netherlands closed today
Rautaruukki Oyj Stock exchange release 30 November 2007 at 16.20
Rautaruukki Corporation's divestment of the reinforcing steel business of
Ruukki Betonstahl GmbH of Germany and Ruukki Welbond BV of the Netherlands to
the Al-Tuwairqi Group of Saudia Arabia has taken effect today. The transaction
completes Rautaruukki's withdrawal, started last year, from the reinforcing
steel business.
The transaction has received regulatory approval from the German competition
authorities.
Further information is available from:
Mikko Hietanen, CFO, tel. +358 20 592 9030
Rautaruukki Corporation
Anne Pirilä
SVP, Corporate Communications and Investor Relations
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 24
countries and employs 14,500 people. Net sales in 2006 totalled EUR 3.7
billion. The company's share is quoted on the OMX Nordic Exchange Helsinki
(Rautaruukki Oyj: RTRKS). The Corporation has used the marketing name Ruukki
since 2004.
DISTRIBUTION
OMX Nordic Exchange Helsinki
Main media
www.ruukki.com