metso outotec merger

7/2 · Finalised on July 1, the merger brings together the two Finnish companies, which have €4.186 billion ($6.8 billion) in combined sales for , with that number now expected to grow

the nominations will become effective after the closing of the partial demerger of and the combination of 's minerals business and outotec, which is currently expected to take place on june 30, , subject to receipt of all required regulatory and other approvals, including competition clearances - which the companies made

7/4 · Finland’s Minerals and Outotec are merging to create a €4.2 billion-a-year comminution and mineral processing company and one of the world’s biggest public-listed pure-play mining

7/4 · Outotec’s illustrative combined net debt as of March 31, was €331 million, with €271 million being contributed by Minerals and the remainder by Outotec. This illustrative

5/14 · The European Commission has approved the proposed combination of ’s minerals business and Outotec, with the merger on track for completion in June. The two companies plan to combine ’s minerals business with Outotec, a move that has received unconditional clearances from competition authorities in Canada, Chile and Turkey.

Following the first month of integration work, Outotec has assessed and validated the synergy targets related to the combination of 's Minerals business with Outotec. The timetable and scope of the cost synergies are confirmed to be more positive than originally estimated.

Latest News. and Outotec are merging to create a "leading company in process technology, equipment and services" for the minerals, metals and aggregates industries. The combined company

The merger covers six business areas including minerals, aggregates, metals recycling, services and consumables. Outotec will also provide a full offering "from ore to metal" for minerals processing, which involves equipment and full plant solutions.

The first public showing from executives of the new Outotec has highlighted just how big the new group will be within the mineral processing ecosystem. Circa-15,000 employees, some 5,000 service representatives, around €4.2 billion ($4.7 billion) of sales in the stats are impressive. The minerals sector dominates within this

5/14 · Outotec and expect the completion of the merger on 30 June this year, subject to approval by other required regulatory authorities, including clearances from certain competitors. Upon completion of the merger, the new company will have 15,600 employees, and an illustrative combined sales and adjusted EBITA of €3.9bn ($4.21bn).

6/30 · Minerals Oy entered into a demerger plan and a combination agreement to acquire Outotec Oyj (HLSE:OTE1V) in a reverse merger transaction on July 4, 2019. Under the

Outotec Oyj is a Finnish publicly traded company that was established in when Outotec and Minerals merged. [2] [3] The company is focusing on providing technology

Outotec's president and chief executive Markku Teräsvasara has become Outotec's president of services and deputy chief executive. Prior to the merger, 's mineral business and Outotec had a combined sales total of €4.2 billion ($6.8 billion) for 2018-2019.

Pekka Vauramo, ’s current president and CEO. During July, mineral processing giants and Outotec announced they would be combining their businesses to create “a leading

The new company, to be called Outotec, will be one of the leading technology suppliers to mining and minerals processing companies, said when announcing the deal last year. The merged

Upon completion of the agreed demerger, shareholders will receive 4.3 newly-issued shares in Outotec for each share owned in on the record date. This implies shareholders would own around 78% of the shares and votes of Outotec, and Outotec shareholders would own the remaining 22% of the shares and votes of Outotec.

3/7 · has officially merged its minerals business with Outotec to form a new company with aims to become an industry leader across the minerals, aggregates, metals refining and recycling industries. The newly-formed Outotec will fuse and enhance the two companies’ offerings, covering sustainable technology, solutions and services for minerals

Corporation and Outotec Oyj have now received the remaining outstanding competition clearances for the combination of 's Minerals business with Outotec through a partial demerger of . Current shareholders will own 78% and Outotec shareholders 22% of the combined company.

The Combined Company, comprising Minerals and Outotec (but excluding Flow Control), will be named " Outotec.". It had illustrative combined sales of €3.9 billion in (approximately €4.2 billion including the impact of the recently announced acquisition of by ). With this transaction, Flow

7/1 · July 1, . Finland-based equipment maker Corp.’s board of directors and Finland-based Outotec Oyj have announced that the combination of ’s Minerals business

Finnish engineering groups MEO1V.HE> and Outotec said on Thursday the merger of their main mining equipment businesses was on track for a mid-year close, despite a hit to