November 1, 2006
08:20 CET
Rautaruukki continues to simplify group's legal structure
Rautaruukki Oyj Stock Exchange Release 1 November 2006 at 9.20
The Board of Directors of Rautaruukki Corporation has approved plans to merge the
company's fully owned subsidiaries Kiinteistö Oy Pakilantie 61-63, TOP-Teräs Oy
and Rautaruukki International Oy, with the parent company. The Boards of the
subsidiaries have for their part decided on merging on 31 October 2006.
All the subsidiaries will be merged without paying any merger consideration and
the goal is to complete the mergers by 1 April 2007.
The mergers will simplify the Group structure and cut fixed costs. The Group has
been reducing the number of legal entities since 2004.
Kiinteistö Oy Pakilantie 61-63, TOP-Teräs Oy and Rautaruukki International Oy
have no operational activities.
Further information:
Tiina Bäckman, Corporate General Counsel
Tel. +358 20 592 9068
Rautaruukki Corporation
Taina Kyllönen
VP, Corporate Communications
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 23
countries and employs 12,000 people. Net sales in 2005 totalled EUR 3.7 billion.
The company's share is quoted on the Helsinki Exchanges (Rautaruukki Oyj: RTRKS).
The Corporation has used the marketing name Ruukki since 2004.
DISTRIBUTION
Helsinki Exchanges
Principal Media
www.ruukki.com