Corus sells Finnish shares

Tuesday, 02 July 2002 09:45:18 (GMT+3)   |  

Corus sells Finnish shares

Corus decided to sell its 23.2% share in Finnish stainless steel producer AvestaPolarit to Finland's major metal producer Outokumpu for €555million. Outokumpu already owned AvestaPolarit's 55.3% shares. Corus is aiming to focus on its core steelmaking operations and believes that the sales of the shares will allow them financial flexibility with this respect.

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