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Outokumpu Confirms Continued Negotiations with ThyssenKrupp, Labor Representatives

Outokumpu has confirmed that it is in continued negotiations with ThyssenKrupp and German labor representatives related to a potential business combination of Outokumpu and Inoxum. The company had initially confirmed the discussions earlier this month.

ThyssenKrupp has announced that the ThyssenKrupp AG supervisory board will deal with a possible business combination between Inoxum and Outokumpu at a meeting next week.

Outokumpu noted that it does not intend to make any further announcements in this regard unless a definitive agreement is reached or there are material developments that require publication.
 
Outokumpu is a global leader in stainless steel with the vision to be the undisputed number one. Outokumpu employs some 8000 people in more than 30 countries. The Group's head office is located in Espoo, Finland.