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Outokumpu Confirms Preliminary Discussions with ThyssenKrupp

01/24/2012 - Outokumpu has confirmed that the company has entered preliminary discussions with ThyssenKrupp to evaluate potential strategic options.

Responding to recent speculation, Outokumpu has confirmed that the company has entered preliminary discussions with ThyssenKrupp to evaluate potential strategic options, including a potential business combination of Outokumpu and Inoxum.

Discussions are ongoing.
 
The company noted there can be no assurance that any transaction will be proposed or consummated, and if so, what the parameters of such transaction might be.  The company said it would make further announcements when appropriate.
 
Outokumpu is a global leader in stainless steel with the vision to be the undisputed number one. Outokumpu employs some 8,000 people in more than 30 countries. The Group's head office is located in Espoo, Finland.