Outokumpu Oyj - the fine related to copper sani...

STOCK EXCHANGE RELEASE May 19, 2010 12.10 pm EET In the autumn 2004, the European Commission imposed a fine of EUR 36 million for Outokumpu for the participation in copper sanitary tube cartel. Outokumpu appealed to the General Court (previously known as the Court of First Instance for Europe) regarding the level of the fine. According to the Court decision on May 19, 2010 the fine remains unchanged. Outokumpu paid the fines in 2009 which means that the decision will have no impact on the Group's profit or cash flow. Outokumpu has exited from the copper fabrication business by divesting the major part of the business in 2005 and the remaining in 2008. For more information please contact: Päivi Lindqvist, SVP Communications & Investor Relations, tel. +358 9 421 2432, mobile +358 40 708 5351 OUTOKUMPU OYJ Outokumpu is a global leader in stainless steel with the vision to be the undisputed number one. Customers in a wide range of industries use our stainless steel and services worldwide. Being fully recyclable, maintenance-free, as well as very strong and durable material, stainless steel is one of the key building blocks for sustainable future. Outokumpu employs some 7 500 people in more than 30 countries. The Group's head office is located in Espoo, Finland. Outokumpu is listed on the NASDAQ OMX Helsinki. www.outokumpu.com < http://www.outokumpu.com/> [HUG#1417163] ENG Cartel decision: http://hugin.info/3010/R/1417163/367657.pdf
UK 100

Latest directors dealings