Month: February 2012

Outokumpu CEO Interviewed on ThyssenKrupp Deal Rationale PR Newswire LONDON, February 1, 2012 LONDON , February 1, 2012 /PRNewswire/ — In a video interview the CEO of Finnish steel maker Outokumpu, Mika Seitovirta, said the decision to buy ThyssenKrupp’s stainless steel division Inoxum would create benefits for the group’s customers and value for its shareholders. Mr Seitovirta said the EUR2.7bn deal, designed to create the world’s leader in stainless steel production, would “create a lot of synergies which we are not able to create as standalone companies.” He added that Outokumpu’s biggest shareholder, Solidium, is “fully supporting” the combination. […]