13:30 London, 15:30 Helsinki, 23 June 2011 – Ruukki Group Plc, Stock Exchange Release
RUUKKI GROUP COMPLETES THE SALE OF FINNISH SAWMILL BUSINESS
Ruukki Group Plc (“Ruukki” or the “Company”) (LSE: RKKI, OMX: RUG1V) is pleased to announce it has completed the sale of its 51 percent holding in Junnikkala Oy to Junnikkala Oy’s minority shareholders. The total consideration of EUR 6 million will be paid in cash in two parts: EUR 4.5 million has been paid on completion and EUR 1.5 million on 31 August 2011. All the conditions of the agreement have been fulfilled, including the approval of the Extraordinary General Meeting, to complete the transaction. This now concludes the sale of Ruukki's wood processing business and transforms the Company into an integrated chrome producer focused on growth, with a FerroAlloys business in southern Africa and a Speciality Alloys in Europe.
Junnikkala Oy is a producer of high quality timber. The revenue for the year ended 31 December 2010 was EUR 59.6 million and the company had 111 employees.
RUUKKI GROUP PLC
Thomas Hoyer
CEO
For additional information, please contact:
Ruukki Group Plc
Thomas Hoyer, CEO, +358 (0)45 6700 491, thomas.hoyer@ruukkigroup.fi
Markus Kivimäki, General Manager: Corporate Affairs, +358 (0)50 3495 687, markus.kivimaki@ruukkigroup.fi
Investec Bank Plc
Stephen Cooper, +44 (0)20 7597 5104, stephen.cooper@investec.co.uk
RBC Capital Markets
Martin Eales, +44 (0)20 7653 4000, martin.eales@rbccm.com
Peter Barrett-Lennard, +44 (0)20 7653 4000, peter.barrett-lennard@rbccm.com
Ruukki Group is a natural resources company with a mining and minerals business in southern Europe and southern Africa. The Company is listed on NASDAQ OMX Helsinki (RUG1V) and the Main Market of the London Stock Exchange (RKKI).
www.ruukkigroup.fi
Distribution:
NASDAQ OMX Helsinki
London Stock Exchange
main media
www.ruukkigroup.fi