Outotec's holding in Ausmelt above 90%
(Thomson Reuters ONE) - OUTOTEC OYJ STOCK EXCHANGE RELEASE, FEBRUARY 5, 2010 AT 2.30 PMOutotec's holding in Ausmelt above 90%Outotec has increased its shareholding in Australian public company Ausmelt Ltdthrough takeover offer acceptances and market purchases. According to thepreliminary information received by Outotec, Outotec's holding in Ausmelt is92.1 percent, which, in accordance with the Australian corporations law,entitles Outotec to proceed with the compulsory acquisition of all of theoutstanding Ausmelt shares. The compulsory acquisition is expected to takeapproximately 4-6 weeks. In the transaction, Ausmelt is valued at approximatelyAUD 50 million (approximately EUR 31 million).Outotec announced in December 2009 that it had acquired 19.9 percent of theoutstanding shares in Ausmelt and launched an off-market takeover bid to acquireall the remaining shares. Outotec's takeover offer closes at 7.00 pm AustralianEastern Standard Time (AEST) on February 8, 2010."Ausmelt has an excellent strategic fit with Outotec. This acquisitioncomplements our technology portfolio in environmentally sound smeltingtechnologies, and allows us to offer smaller scale copper and nickel smelters aswell as solutions for ferrous metals, zinc, lead and tin concentrates, zincbearing residues, recycling and various secondary and waste materials. Webelieve that within Outotec there are significant growth opportunities for theAusmelt business," says Pertti Korhonen, CEO of Outotec.For further information, please contact:OUTOTEC OYJHarry Linnarinne, Senior Vice President - Business Developmenttel. +358 20 529 2020Eila Paatela, Vice President - Corporate Communicationstel. +358 20 529 2004, +358 400 817 198Outotec, AustralasiaJohn Taylor, Managing Directortel. +61 3 9674 2301e-mailsfirstname.lastname(at)outotec.com
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Datum: 05.02.2010 - 07:31 Uhr
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