OUTOTEC OYJ STOCK EXCHANGE RELEASE, December 23, 2009 AT 10.00 AM
Outotec's ownership in Ausmelt increased to 37,4 percent
Outotec has increased its holding in Australian public company Ausmelt Ltd through market purchases and holds today 37,4 percent of all the Ausmelt shares. As a result of the share purchases, Ausmelt has become an associated company of Outotec.
On December 10, 2009 Outotec announced that it had acquired 19.9 percent of the outstanding shares in Ausmelt from the interests associated with the company founder Dr John Floyd. In addition, Outotec launched an off-market takeover bid to acquire all shares in Ausmelt.
A competing takeover bid for the Ausmelt shares has been published in Australia, wherefore Outotec has amended and may further amend the terms of its initial bid.
Outotec will announce further information on the matter once the takeover process has been completed.
The acquisition of Ausmelt will not affect Outotec's outlook or financial result in 2009 and neither will it have a material impact on Outotec's financial position.
For further information, please contact:
Harry Linnarinne, Senior Vice President - Business Development
tel. +358 20 529 2020
Eila Paatela, Vice President - Corporate Communications
tel. +358 20 529 2004, +358 400 817 198
John Taylor, Managing Director
tel. +61 3 9674 2301
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