Rautaruukki Oyj (HEL:RTRKS) Rautaruukki Corporation Stock exchange release 31 October 2008 at 16:00
The Arbitral Tribunal has dismissed all claims by the Swedish company Boliden Commercial AB against Rautaruukki. Furthermore, the Arbitral Tribunal orders Boliden to compensate Rautaruukki's legal costs in full.
The dispute concerned the premium components in the price of the zinc bought by Rautaruukki. Boliden demanded a price differential payment of around USD 17 million (EUR 13 million) from Rautaruukki.
For further information, please contact: Olli Huuskonen, General Counsel, tel. +358 40 501 9149
Rautaruukki Corporation Anne Pirilä SVP, Corporate Communications and Investor Relations
Rautaruukki supplies metal-based components, systems and integrated systems to the construction and engineering industries. The company has a wide selection of metal products and services. Rautaruukki has operations in 26 countries and employs 15,000 people. Net sales in 2007 totalled EUR 3.9 billion. The company's share is quoted on NASDAQ OMX Helsinki (Rautaruukki Oyj: RTRKS). The Corporation uses the marketing name Ruukki. www.ruukki.com
DISTRIBUTION: NASDAQ OMX Helsinki Main media www.ruukki.com
This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Rautaruukki Oyj
http://www.ruukki.com
ISIN: FI0009003552
Stock Identifier: XHEL.RTRKS
The Arbitral Tribunal has dismissed all claims by the Swedish company Boliden Commercial AB against Rautaruukki. Furthermore, the Arbitral Tribunal orders Boliden to compensate Rautaruukki's legal costs in full.
The dispute concerned the premium components in the price of the zinc bought by Rautaruukki. Boliden demanded a price differential payment of around USD 17 million (EUR 13 million) from Rautaruukki.
For further information, please contact: Olli Huuskonen, General Counsel, tel. +358 40 501 9149
Rautaruukki Corporation Anne Pirilä SVP, Corporate Communications and Investor Relations
Rautaruukki supplies metal-based components, systems and integrated systems to the construction and engineering industries. The company has a wide selection of metal products and services. Rautaruukki has operations in 26 countries and employs 15,000 people. Net sales in 2007 totalled EUR 3.9 billion. The company's share is quoted on NASDAQ OMX Helsinki (Rautaruukki Oyj: RTRKS). The Corporation uses the marketing name Ruukki. www.ruukki.com
DISTRIBUTION: NASDAQ OMX Helsinki Main media www.ruukki.com
This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Rautaruukki Oyj
http://www.ruukki.com
ISIN: FI0009003552
Stock Identifier: XHEL.RTRKS
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