Press release May 13, 2020 07:15 PM EEST

Metso Corporation and Outotec Oyj receive unconditional merger control clearance from the European Commission for the combination of Metso Minerals with Outotec

Metso Corporation's press release, May 13, 2020 at 7:15 p.m. EEST

Metso Corporation (“Metso”) and Outotec Oyj (“Outotec”) have on May 13, 2020, received an unconditional merger control clearance from the European Commission for the combination of Metso’s Minerals business with Outotec through a partial demerger of Metso (the “Combination”).

Since both Metso and Outotec issued a press release concerning regulatory approvals for the Combination on March 10, 2020, the companies have received unconditional clearances also from the competition authorities of a number of other jurisdictions, including Canada, Chile and Turkey.

In line with the previous announcements, considering the progress of the regulatory approval process, Metso and Outotec continue to expect the completion of the Combination to take place on June 30, 2020, subject to the receipt of all required regulatory and other approvals, including certain remaining competition clearances.

Metso is a world-leading industrial company offering equipment and services for the sustainable processing and flow of natural resources in the mining, aggregates, recycling and process industries. With our unique knowledge and innovative solutions, we help our customers improve their operational efficiency, reduce risks and increase profitability. Metso is listed on the Nasdaq Helsinki in Finland and had sales of about EUR 3.6 billion in 2019. Metso employs over 15,000 people in more than 50 countries. metso.comtwitter.com/metsogroup

Further information, please contact:

Juha Rouhiainen, Vice President, Investor Relations, Metso Corporation, tel. +358 20 484 3253, email: juha.rouhiainen@metso.com

 

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