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ThyssenKrupp AG to fully divest its 29.9 percent stake in Outokumpu Oyj

Friday, 29 Nov 2013 05:53pm EST 

ThyssenKrupp AG:Says it will fully divest its 29.9 percent shareholding in Outokumpu Oyj, held from the sale of Inoxum, and terminate all other financial links with Outokumpu.Says the transfer will enable Outokumpu Oyj to fulfill the EU Commission's conditions for the Inoxum transaction in a way that preserves value.Says it is taking its responsibility to the employees by creating the conditions for a sustainable refinancing of Outokumpu Oyj.Says the transaction is subject to the approval of the competent regulatory authorities and the cooperation and approval of shareholders, banks and creditors for the overall plan for a sustainable refinancing of Outokumpu Oyj. 

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