Outokumpu Technology Oyj Shareholding to Decrease Significantly

Outokumpu Oyj announced a significant change in the shareholding structure of its subsidiary, Outokumpu Technology Oyj. The company has entered into an agreement to sell 33.6 million shares, representing 80 percent of Outokumpu Technology Oyj's share capital and votes.

Currently, Outokumpu Oyj holds a 100 percent stake in its subsidiary. Following the completion of this transaction, Outokumpu Oyj's ownership in Outokumpu Technology Oyj will be reduced to 20 percent of the share capital and votes.

Furthermore, Outokumpu has entered into a share lending agreement and granted an over-allotment option to the managers of the offering. If the option is fully exercised and borrowed shares are returned, Outokumpu Oyj's ownership could fall to as low as 12 percent. These arrangements are part of the process for a potential future listing of the company's shares on the Helsinki Stock Exchange.

Outokumpu Technology Oyj provides technology solutions for the mining and metals industry. The aim of this restructuring is to facilitate the company's growth and development in new markets.