Date: 2013-08-01

RAUTARUUKKI, SKF AND WÄRTSILÄ to Sell OVAKO

Rautaruukki Corporation, AB SKF and Wärtsilä Corporation have signed an agreement to sell the operating companies owned by Oy Ovako Ab to a company owned by the shareholders of Hombergh Holdings BV, WP de Pundert Ventures BV and Pampus Industrie Beteiligungen GmbH & Co. KG. The transaction is subject to relevant regulatory approvals and is expected to close in September 2006.



The total price for the shares is approximately EUR 660 million, comprising a cash payment at closing of approximately EUR 535 million, a deferred cash payment of EUR 15 million to be paid in July 2008 and an interest-bearing vendor note of EUR 110 million to be paid within 3-6 years from closing. In addition, the buyer will assume estimated net debt of EUR 40 million at closing, making Ovako

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