Outotec Oyj : Metso Corporation’s partial demerger has been registered – Metso Corporation and Outotec Oyj have completed the combination of Metso’s Minerals business and Outotec
June 30, 2020 at 01:09 pm
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Metso Corporation's partial demerger has been registered - Metso Corporation and Outotec Oyj have completed the combination of Metso's Minerals business and Outotec
Metso Corporation's partial demerger has been registered - Metso Corporation and Outotec Oyj have completed the combination of Metso's Minerals business and Outotec
Metso Outotec Corporation stock exchange release on June 30, 2020 at 8:00 pm EEST
The Boards of Directors of Metso Corporation ('Metso') and Outotec Oyj ('Outotec') have resolved to complete the combination of Metso's Minerals business (the 'Metso Minerals Business') and Outotec through a partial demerger of Metso in accordance with the demerger plan and combination agreement signed on July 4, 2019. The completion of Metso's partial demerger was registered today at the Finnish Trade Register. After absorbing the Metso Minerals Business, Outotec became Metso Outotec Corporation ('Metso Outotec').
As a result of the registration of the completion of Metso's partial demerger and the new shares issued as demerger consideration to Metso's shareholders, the total number of Metso Outotec shares is 828,972,440 shares and the share capital is EUR 107,186,442.52. Trading in the shares of Metso Outotec on the official list of Nasdaq Helsinki Ltd will commence on July 1, 2020 under the trading code MOCORP.
METSO OUTOTEC CORPORATION
Board of Directors
Further information:
Nina Kiviranta, General Counsel
tel. +358 20 529 2017
Distribution:
Nasdaq Helsinki Ltd
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www.mogroup.com
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Outotec Oyj published this content on 30 June 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 June 2020 17:08:03 UTC
Metso Outotec Oyj specializes in the design, development, construction and maintenance of factories and equipment intended for the metallurgy and mining industries. Net sales break down by activity sector as follows:
- mining (63.5%): crushing machines, screening machines, handling equipment, etc. ;
- aggregates industry and quarrying (27.3%): production plants, stations, modules and equipment, crushing and screening equipment, handling equipment, etc.;
- metal refining and processing (9.2%): extraction sites, non-ferrous concentrate baking units, copper, nickel, zinc, lead and precious metals foundries and refineries, grinders, floating machines, control and analysis systems, separators, iron processing into small balls units, etc.
Net sales are distributed geographically as follows: Finland (1.5%), Europe (21%), North and Central America (22.9%), Asia/Pacific (22.4%), South America (17.3%), Africa/Middle East/India (14.9%).
Outotec Oyj : Metso Corporation’s partial demerger has been registered – Metso Corporation and Outotec Oyj have completed the combination of Metso’s Minerals business and Outotec