Rautaruukki added that the transaction in question will free up capital of over €25 million. The total operating losses of the units amounted to €4 million during the first nine months of 2007.
The transaction is expected to be closed in November 2007 upon the final approval by the German competition authorities.
Rautaruukki is a supplier of metal-based components systems and integrated systems for the construction and mechanical engineering industries.