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MarketScreener Homepage  >  Equities  >  NASDAQ OMX HELSINKI LTD.  >  Metso Outotec Oyj    MOCORP   FI0009014575

METSO OUTOTEC OYJ

(MOCORP)
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Outotec Oyj : Metso Corporation's partial demerger has been registered - Metso Corporation and Outotec Oyj have completed the combination of Metso's Minerals business and Outotec

06/30/2020 | 01:01pm EST

Metso Outotec Corporation stock exchange release on June 30, 2020 at  8:00 pm EEST

The Boards of Directors of Metso Corporation ("Metso") and Outotec Oyj ("Outotec") have resolved to complete the combination of Metso's Minerals business (the "Metso Minerals Business") and Outotec through a partial demerger of Metso in accordance with the demerger plan and combination agreement signed on July 4, 2019. The completion of Metso's partial demerger was registered today at the Finnish Trade Register. After absorbing the Metso Minerals Business, Outotec became Metso Outotec Corporation ("Metso Outotec").

As a result of the registration of the completion of Metso's partial demerger and the new shares issued as demerger consideration to Metso's shareholders, the total number of Metso Outotec shares is 828,972,440 shares and the share capital is EUR 107,186,442.52. Trading in the shares of Metso Outotec on the official list of Nasdaq Helsinki Ltd will commence on July 1, 2020 under the trading code MOCORP.

METSO OUTOTEC CORPORATION

Board of Directors

Further information:

Nina Kiviranta, General Counsel
tel. +358 20 529 2017

Juha Rouhiainen, Vice President, Investor Relations
tel. +358 20 484 3253

Distribution:
Nasdaq Helsinki Ltd
Main media
www.mogroup.com

Metso Outotec is a frontrunner in sustainable technologies, end-to-end solutions and services for the aggregates, minerals processing, metals refining and recycling industries globally. By improving our customers' energy and water efficiency, increasing their productivity, and reducing environmental risks with our product and process expertise, we are the partner for positive change.
Headquartered in Helsinki, Finland, Metso Outotec employs over 15,000 people in more than 50 countries and its illustrative combined sales for 2019 were about EUR 4.2 billion. The company is listed on the Nasdaq Helsinki. mogroup.com, twitter.com/metsooutotec

https://news.cision.com/metso-outotec-oyj/r/metso-corporation-s-partial-demerger-has-been-registered---metso-corporation-and-outotec-oyj-have-co,c3145742

(c) 2020 Cision. All rights reserved., source Press Releases - English

Stocks mentioned in the article
ChangeLast1st jan.
METSO OUTOTEC OYJ 1.48% 7.185 Delayed Quote.22.96%
NELES OYJ 0.09% 10.87 Delayed Quote.5.14%
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Financials
Sales 2019 1 210 M 1 440 M 1 440 M
Net income 2019 27,3 M 32,5 M 32,5 M
Net Debt 2019 20,1 M 23,9 M 23,9 M
P/E ratio 2019 57,1x
Yield 2019 1,74%
Capitalization 944 M 1 062 M 1 124 M
EV / Sales 2018 0,44x
EV / Sales 2019 0,88x
Nbr of Employees 3 750
Free-Float -
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Managers
NameTitle
Pekka Juhani Vauramo President & Chief Executive Officer
Percy Henrik Mikael Lilius Chairman
Eeva Sipilä Chief Financial Officer & Deputy CEO
Matti Juhani Alahuhta Vice Chairman
Christer Göran Harald Gardell Director