Outokumpu has signed an agreement to sell Larox its filter business, a part of Outokumpu’s technology sales operations. The total transaction value is some EUR 31 million, and the capital employed of the business to be sold is estimated to be EUR 12 million at year-end. It is expected that the deal will be closed by the end of 2003. The filter business to be sold to Larox generates annual net sales of some EUR 40 million and it employs some 170 persons in seven countries.
