Outokumpu has completed the transaction regarding “fischer Mexicana S.A. DE C.V.” that was announced on September 30, 2015. In the transaction, Outokumpu divested its 50% stake of the joint venture to F.E.R. Fischer Edelstahlrohre GmbH for USD 63M. As a result of the transaction, Outokumpu’s net debt decreases by approximately EUR 50M and gearing by approximately 4% points. Outokumpu’s own operations in Mexico remain unchanged. The company’s presence across the Americas includes five mills including the integrated stainless steel mill in Calvert, Alabama, and a cold rolling mill in San Luis Potosí, Mexico.
