Metso Corporation and Outotec Oyj have received all regulatory approvals for the combination of Metso Minerals and Outotec – completion expected to take place on June 30, 2020
Metso Corporation, Stock exchange release, June 18, 2020 at 3:30 p.m. EEST
Metso Corporation (“Metso”) and Outotec Oyj (“Outotec”) have now received the remaining outstanding competition clearances for the combination of Metso’s Minerals business with Outotec through a partial demerger of Metso (the “Combination”).
Having received all the required regulatory and other approvals, including competition clearances, the regulatory condition for the completion of the Combination has now been fully satisfied. In line with previous announcements, the completion of the Combination is expected to take place on June 30, 2020.
Upon the completion of the Combination, Metso will be renamed as Neles Corporation and it will be a separately listed entity focused on flow control.
Metso is a world-leading industrial company offering equipment and services for the sustainable processing and flow of natural resources in the mining, aggregates, recycling and process industries. With our unique knowledge and innovative solutions, we help our customers improve their operational efficiency, reduce risks and increase profitability. Metso is listed on the Nasdaq Helsinki in Finland and had sales of about EUR 3.6 billion in 2019. Metso employs over 15,000 people in more than 50 countries.
Further information, please contact:
Juha Rouhiainen, Vice President, Investor Relations, Metso Corporation, tel. +358 20 484 3253
Nasdaq Helsinki Ltd