Boliden has sold its Outokumpu shares
Boliden has today sold all of its 5 million Outokumpu shares, which
represent 2.8 per cent of the total amount of votes and share capital in
the company. Boliden will use the sale proceeds of around SEK 500
million (Euro 55 million) mainly to prepay its external loans.
Boliden received the shares, which were now sold as a payment from
Outokumpu for the sale of its fabrication and technology sales
operations to Outokumpu at the end of 2003.
Alfred Berg /ABN-AMRO Rothschild acted as advisor to Boliden in this
transaction.
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For further information, please contact:
Jan Johansson, President and CEO,
telephone +46 8 610 1602, + 46 70 555 02 02
Ulf Söderström, Senior VP Group Communications,
telephone +46 8 610 15 57, +46 70 618 95 95
Boliden is one of the leading mining and smelting companies in the world
with operations in Sweden, Finland, Norway, Ireland and Canada.
Boliden's main products are copper, zinc, lead, gold and silver.
Exploration and Recycling of Base Metals are also important within the
company. The number of employees is approximately 4 800 and the turnover
amounts to approximately EUR 1.6 billion annually.
The Boliden share is quoted on the Stockholm Stock Exchange in Sweden as
well as on the Toronto Stock Exchange in Canada.
www.boliden.se