Key Developments: Outokumpu Oyj (OUT1V.HE)

OUT1V.HE on Helsinki Stock Exchange

4.64EUR
11:29am EST
Price Change (% chg)

€-0.14 (-2.89%)
Prev Close
€4.78
Open
€4.82
Day's High
€4.88
Day's Low
€4.54
Volume
3,895,328
Avg. Vol
4,711,230
52-wk High
€7.50
52-wk Low
€3.05

Search Stocks

Latest Key Developments (Source: Significant Developments)

Outokumpu delivers 4,000 tonnes of stainless steel to Husab mine in Namibia
Wednesday, 14 May 2014 03:00am EDT 

Outokumpu Oyj:Delivers about 4,000 tonnes of LDX 2404 duplex stainless steel for the Husab uranium mine project in Namibia, Africa.The steel will be used in tanks, pressure vessels, clarifiers and columns.Deliveries have started and will continue until September.No financial details.  Full Article

Outokumpu still expects EBIT loss for Q1 2014
Monday, 14 Apr 2014 07:30am EDT 

Outokumpu Oyj:Reiterates forecast for the underlying EBIT in Q1 2014 to be sequentially better, but still negative.Q1 2014 EBIT negative 53.41 million euros-Thomson reuters I/B/E/S Estimates.  Full Article

Outokumpu announces final results of rights offering
Friday, 4 Apr 2014 05:00am EDT 

Outokumpu Oyj:Says the company's rights offering was oversubscribed by 23 percent.Raised net proceeds of about 640 million euros.Total number of shares in Outokumpu to increase to 10,386,615,824 shares.Danske Bank, Nordea and SEB acted as Joint Global Coordinators and Joint Bookrunners for the rights offering.BNP Paribas, Credit Agricole CIB, J.P. Morgan and Swedbank acted as Joint Bookrunners.  Full Article

Outokumpu announces preliminary results of EUR 665 mln offering
Monday, 31 Mar 2014 11:45am EDT 

Outokumpu Oyj:Says the company's 665 million euro rights offering was subscribed for in about 123.5 percent.Says the offering consisted of 8,308,534,476 new shares.Expects to announce the final results of the rights offering on April 4.  Full Article

Outokumpu concludes negotiations with IG Metall on the industrial plan; cuts 1,000 jobs
Sunday, 30 Mar 2014 02:15pm EDT 

Outokumpu Oyj:Concludes negotiations regarding industrial plan with employee representatives and unions in Germany.Resolves to close Bochum meltshop in 2015, following a production transfer process.Decides to invests 108 million euro to the Krefeld cold rolling center in Germany between 2014 and 2016 through the ferritic production optimization (NIFO-project).Expects to close Benrath cold rolling mill in 2016 after the production transfer to Krefeld has been completed.Says the agreed industrial concept results in a reduction of 1,000 jobs, thereby bringing the total reduction of jobs to 3,500 jobs globally by the end of 2017.  Full Article

Outokumpu delivers 22,000 tons of duplex to natural gas field project in Oman
Tuesday, 25 Mar 2014 05:00am EDT 

Outokumpu Oyj:Delivers 22,000 tons of Outokumpu Duplex 2205 stainless steel to a natural gas field project in Oman.Deliveries will start during H1 2014 and continue until 2016.Material from Outokumpu will be welded to tubes by Sosta and Inox Tech.No financial details.  Full Article

AC Invest Four B.V. acquires stake in Outokumpu Oyj
Monday, 3 Mar 2014 03:00am EST 

Outokumpu Oyj:Says AC Invest Four B.V.’s holding in the shares and voting rights of Outokumpu Oyj increases to 5.0 percent (104 319 986 shares and voting rights).Says AC Invest Four B.V. does not have any previous direct or indirect ownership in Outokumpu Oyj’s shares and voting rights.  Full Article

Solidium increases holding in Outokumpu Oyj-Reuters
Friday, 28 Feb 2014 10:41am EST 

Outokumpu Oyj:Says Solidium Oy's holding in Outokumpu's shares and voting rights exceeds 25 percent and increases from 21.8 percent-Reuters.  Full Article

ThyssenKrupp AG divests share stake in Outokumpu Oyj
Friday, 28 Feb 2014 10:30am EST 

Outokumpu Oyj:Says ThyssenKrupp AG closed the sale of shares in Outokumpu on Feb. 28.Says on Nov. 29, 2013, ThyssenKrupp entered into a share sale and purchase agreement concerning shares in Outokumpu.Says under the agreement, ThyssenKrupp was to sell 621,042,572 shares (representing a total of 29.9 percent of the shares) in Outokumpu.  Full Article

Outokumpu completes divestment of Terni and VDM to ThyssenKrupp and concludes debt financing arrangements
Friday, 28 Feb 2014 05:00am EST 

Outokumpu Oyj:Completes divestment of Terni and VDM to ThyssenKrupp.Concludes the debt financing arrangements, including new 500 million euros liquidity facility aimed at further strengthening Outokumpu’s liquidity.  Full Article

New Issue- Outokumpu prices 250 mln Euro 2019 bond

Lead Manager(s) Nordea Bank, Pohjola Bank, Danske Bank, SEB & Swedbank

Search Stocks