29
Jul
01:00
Rautaruukki and SSAB merger finalised
Finnish steel producer Rautaruukki officially announced its successful merger with SSAB on 29 July, according to a flurry of financial releases from the Finnish and Swedish partners. The deal is said to value the merged group at around SEK10.1billion ($1.47bn).
SSAB has announced that it can now begin a compulsory redemption proceeding in respect of the remaining Rautaruukki shares at an offer price of €11.24 per share in cash.
In total, shareholders…
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Anonymous
Very good overview of the weekly steel market.
Anonymous