07:00 London, 09:00 Helsinki, 2 March 2011 – Ruukki Group Plc, Stock Exchange Release
RUUKKI GROUP COMPLETES THE SALE OF FINNISH HOUSE BUILDING BUSINESS
Ruukki Group Plc (“Ruukki” or the “Company”) (LSE: RKKI, OMX: RUG1V) is pleased to announce it has completed the sale of its Finnish house building business, Pohjolan Design-Talo Oy, to funds managed by CapMan. The consideration paid in cash at the closing is EUR 75.4 million. The final price will be confirmed according to the balance sheet as of the closing date. All the conditions of the agreement have been fulfilled, including the approval of the Finnish Competition Authority, to complete the transaction.
RUUKKI GROUP PLC
Danko Koncar
Acting Managing Director
For additional information, please contact:
Ruukki Group Plc
Markus Kivimäki, Head of Corporate Affairs, +358 50 3495 687, markus.kivimaki@ruukkigroup.fi
Thomas Hoyer, CFO, +358 45 6700 491, thomas.hoyer@ruukkigroup.fi
Investec Bank Plc
Stephen Cooper, +44 (0)20 7597 5104, stephen.cooper@investec.com
RBC Capital Markets
Martin Eales, +44 (0)20 7653 4000, martin.eales@rbccm.com
Peter Barrett-Lennard, +44 (0)20 7653 4000, peter.barrett-lennard@rbccm.com
Ruukki Group is a natural resources company with a mining and minerals business in southern Europe and South Africa. The Company is listed on NASDAQ OMX Helsinki (RUG1V) and the Main Market of the London Stock Exchange (RKKI).
www.ruukkigroup.fi