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White & Case Advises Outokumpu on €209 Million Offering of New Shares

Global law firm White & Case LLP has advised Outokumpu Group on the €209 million offering of 40.5 million new shares in a private placement to institutional investors in deviation of the pre-emptive subscription right of the shareholders.

The offering was made to institutional investors outside the US pursuant to Regulation S. BNP Paribas and Nordea Bank acted as joint global coordinators and joint bookrunners and Crédit Agricole Corporate and Investment Bank, in cooperation with Kepler Cheuvreux S.A., acted as joint bookrunner.

Listed on Nasdaq Helsinki, the Outokumpu Group is the largest producer of stainless steel in Europe. The cornerstone of its business is enabling growth and innovation through environmentally, economically and socially sustainable stainless steel products to benefit modern society for generations to come. Outokumpu employs nearly 10,000 people in more than 30 countries across the world.

The White & Case team in Helsinki which advised on the transaction was led by partner Petri Avikainen and included partners Mikko Hulkko and Tanja Törnkvist and associates Ben Tuiskula and Liisa Rekola.

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