November 10, 2006
17:00 CET
The sale of Ovako received relevant regulatory approvals
Rautaruukki Oyj Stock Exchange Release 10 Nov, 2006 at 18.00
Rautaruukki Corporation, AB SKF and Wärtsilä Corporation signed in July 2006 an
agreement to sell the operating companies owned by Oy Ovako Ab to a company owned
by the shareholders of Hombergh Holdings BV, WP de Pundert Ventures BV and Pampus
Industrie Beteiligungen GmbH & Co. KG. The relevant regulatory approvals have now
been received and the transaction is expected to close in November 2006.
Additional information:
Mikko Hietanen, CFO, tel. +358 (0)40 579 4359
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