Ruukki Group has entered into a sale and purchase agreement with the Swedish
ITAB Shop Concept Ab on the sale of all shares in Pan-Oston Oy. According to
the agreement, ITAB acquires the Pan-Oston shares from Alumni Oy so that the
ownership changes on 2 January 2008.
The operations of the buyer are based on complete shop concept solutions as
entrance-system and checkout sales.
The transaction does not significantly affect Ruukki Group results or financial
position.
Pan-Oston Oy's revenue in financial year 2006 totalled about EUR 5.4 million.
During the first nine months of 2007, the revenue was about EUR 3.5 million,
which accounted for approximately 60 % of the total revenue of those businesses
that Ruukki Group is not reporting as separate segments.
Ruukki Group Plc has, as disclosed previously, decided to focus the Group's
business more intensively on wood-based operations so that the future industrial
operations and investments will be focused on Russia in particular.
RUUKKI GROUP PLC
Matti Vikkula
Chief Executive Officer
For further information, please contact:
Antti Kivimaa
Senior Executive Vice President
Ruukki Group Plc
Telephone +358 400 501 780
www.ruukkigroup.fi