07:00 London, 09:00 Helsinki, 8 April 2011 - Ruukki Group Plc, Stock Exchange Release
RUUKKI GROUP COMPLETES THE SALE OF FINNISH PALLET BUSINESS
Ruukki Group Plc (“Ruukki” or the “Company”) (LSE: RKKI, OMX: RUG1V) is pleased to announce it has completed the sale of its Finnish pallet business, Oplax Oy, to Pallet Invest Oy, a company founded by a group of Finnish and Russian investors. All the conditions of the agreement have been fulfilled to complete the transaction.
Oplax Oy produces 1.5 million wooden loading pallets per year. Revenue in 2010 was EUR 11.2 million. The company had 43 employees on 31 December 2010.
RUUKKI GROUP PLC
Danko Koncar
Acting Managing Director
For additional information, please contact:
Ruukki Group Plc
Markus Kivimäki, Head of Corporate Affairs, +358 50 3495 687, markus.kivimaki@ruukkigroup.fi
Thomas Hoyer, CFO, +358 45 6700 491, thomas.hoyer@ruukkigroup.fi
Investec Bank Plc
Stephen Cooper, +44 (0)20 7597 5104, stephen.cooper@investec.co.uk
RBC Capital Markets
Martin Eales, +44 (0)20 7653 4000, martin.eales@rbccm.com
Peter Barrett-Lennard, +44 (0)20 7653 4000, peter.barrett-lennard@rbccm.com
Ruukki Group is a natural resources company with a mining and minerals business in southern Europe and South Africa. The Company is listed on NASDAQ OMX Helsinki (RUG1V) and the Main Market of the London Stock Exchange (RKKI).
www.ruukkigroup.fi