Tag «Rautaruukki»

SSAB has received EC approval to divest 50% of the shares in Norsk Stål AS to Leif Hübert AS as required under the Rautaruukki transaction

SSAB has received approval from the European Commission to sell 50% of the shares in Norsk Stål AS (Norway) to Leif Hübert AS. This transaction is part of the divestment remedies that the European Commission deemed necessary for the combination of Rautaruukki with SSAB. The transaction is still subject to the approval of national competition …

SSAB appoints Maria Långberg as President of Merox AB, also assuming responsibility for the Group´s sustainability work

SSAB is creating a new Group-level role with operational responsibility for the subsidiary Merox AB, and a coordinating role in respect of the Company’s sustainability work. Maria Långberg will take up the position as President of Merox AB on November 1 and assumes responsibility for the Group´s Sustainability work as of September 1, reporting directly …

First trading day for SSAB shares on Nasdaq OMX Helsinki

Today, trading in SSAB shares will, for the first time, commence on Nasdaq OMX Helsinki under the ticker names SSABAH and SSABBH (class A and class B shares respectively). The shares will be quoted in euro. In conjunction with SSAB’s completion of the combination with the Finnish company Rautaruukki, SSAB has applied for a secondary …

SSAB Half-Year Report 2014

The quarter Sales of SEK 9,323 (8,894) million Operating profit/loss of SEK 260 (-115) million Profit/loss after financial items of SEK 73 (-273) million Earnings per share of SEK 0.41 (-0.44) Operating cash flow of SEK 528 (796) million After the quarter end, approval from the EU and more than 90% of the shares in …

The European Commission has approved the combination of SSAB and Rautaruukki and SSAB proceeds with the completion of the share exchange offer

Today, SSAB AB (publ) (“SSAB”) has received the required regulatory competition approval from the European Commission for the combination of SSAB and Rautaruukki Corporation (“Rautaruukki”). SSAB has received the European Commission’s approval for the combination with Rautaruukki. The approval is conditional on a commitment by SSAB to divest the following assets within its Nordic Steel …

Change in SSAB’s future Group Executive Committee

SSAB has appointed Per Olof Stark as the future head of the Special Steels business (Quenched & Tempered Steels) in the new SSAB which is planned following a combination of SSAB and Rautaruukki. On January 22, 2014, plans were announced for a combination of SSAB and Rautaruukki by means of SSAB issuing a recommended share …

Resolutions adopted at SSAB’s 2014 AGM

SSAB’s annual general meeting (AGM) was held today, April 9, 2014, in Stockholm. Adoption of income statement and balance sheet The AGM adopted the income statement and balance sheet as well as the consolidated income statement and consolidated balance sheet. Allocation of result The AGM resolved that no dividends be paid for the financial year …

SSAB and Rautaruukki to combine through SSAB making a recommended share exchange offer to Rautaruukki’s shareholders

This stock exchange release may not be published or distributed, in whole or in part, directly or indirectly, in the United States of America, Australia, Canada, Hong Kong, Japan, New Zealand, South Africa or any other country where such publication or distribution would violate applicable laws or rules or would require additional documents to be …