Outokumpu has acquired from Sweden-based Sandvik its 11.6% minority shareholding in OSTP AB (Outokumpu Stainless Tubular Products) for EUR 21.5 million. Full ownership in OSTP enables Outokumpu to develop the business further in line with its strategy to increase the share of the more value-added special products. The EUR 21.5 million purchase price will be on top of the Group’s targeted EUR 175 million capex frame for 2007.
