Metso Corporation and Outotec Oyj to complete merger

Photo: Outotec

The Boards of Directors of Metso Corporation and Outotec announced on July 4, 2019 that they have agreed on the combination of Metso’s Minerals business and Outotec through a partial demerger of Metso in accordance with the demerger plan and combination agreement signed on July 4, 2019.

As announced on June 18, 2020, Metso and Outotec have received all regulatory approvals for the combination and the Boards of Directors of Metso and Outotec are expected to resolve to complete the combination on June 30, 2020. The completion of the combination takes place when Metso’s partial demerger is completed, which is expected to be registered at the Finnish Trade Register in the evening of June 30, 2020. After absorbing the Metso Minerals Business, Outotec will become Metso Outotec Corporation (“Metso Outotec”).

 Simultaneously, Metso will be renamed Neles Corporation (“Neles”). Trading in the shares of Metso Outotec on the official list of Nasdaq Helsinki Ltd (“Nasdaq Helsinki”) is expected to commence on July 1, 2020. Metso Outotec’s shares will be subject to trading on Nasdaq Helsinki.