Outokumpu Oyj (HLSE:OUT1V) signed an agreement to acquire 10% stake in Cronimet North-East GMBH from CRONIMET Holding GmbH on November 7, 2023.The completion of the transaction is subject to customary closing conditions and regulatory approvals by the competition authorities. The transaction will be carried out as a share sale.

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.