Rautaruukki received approval for Steel-Mont acquisition

Finnish steelmaker Rautaruukki Corporation announced that it received approval from competition authorities to purchase Slovakian company Steel-Mont for Euro 10 million. The transaction is expected to be completed within two weeks. Steel-Mont is the leading steel constructor in Slovakia, with net sales Euro 27 million in 2005. The acquisition of Steel-Mont will boost the implementation of Ruukki's strategy. Ruukki's goal is to be one of the leading suppliers of metal-based construction solutions in the Nordic countries and central eastern Europe, company sources reported.