Outokumpu Oyj acquired 10% stake in Cronimet North-East GMBH from CRONIMET Holding GmbH.
Outokumpu Oyj (HLSE:OUT1V) completed the acquisition of 10% stake in Cronimet North-East GMBH from CRONIMET Holding GmbH on January 24, 2024. Outokumpu has now completed the acquisition of CRONIMET North-East GmbH after having fulfilled customary closing conditions and obtained regulatory approvals. As a shareholder, Outokumpu acts as a strategic partner in CRONIMET?s Northeastern business, while CRONIMET retains full operational control of the companies involved.