Outokumpu – Competition authorities approved divestment of Long Products units

Outokumpu – Competition authorities approved divestment of Long Products units

On July 12, 2022, Outokumpu announced that it would divest the majority of its Long Products business to Marcegaglia, a leading steel processor in the world. The completion of the transaction is subject to, among others, regulatory approvals by the competition authorities.

Outokumpu has now received approvals from all the required competition authorities – the European Commission and the US competition authority.

In addition to the regulatory approvals by the competition authorities, the completion of the transaction is subject to customary closing conditions. Outokumpu expects to complete the transaction in the beginning of next year.  

For more information: 

Investors: Linda Häkkilä, Head of Investor Relations, tel. +358 40 071 9669 

Media:  Päivi Allenius, VP – Communications and Brand, tel. +358 40 753 7374