Regulatory press releases

SSAB becomes full owner of Tibnor

May 24, 2011 8:30 CEST
SSAB is becoming the full owner of the steel and non-ferrous metals distributor Tibnor. This is taking place by SSAB, which currently owns an 85% stake in the company, acquiring Outokumpu’s 15% minority stake.

Tibnor is a leading steel and non-ferrous metals distributor in Sweden and the rest of the Nordic region, and also has a subsidiary in Latvia.

“Tibnor is an important channel for reaching our customers on our Nordic domestic market and we see that the company possesses good development potential,” says SSAB’s President and CEO Martin Lindqvist.

SSAB is paying EUR 44 million in cash for Outokumpu’s 15% stake. The sale is not expected to impact on customer relations between Outokumpu and Tibnor, which markets and sells products from many different suppliers.

Attachments

Related articles

Sep 4Regulatory press releases
Capital markets day

SSAB´s Capital Markets Day will be held at SSAB´s steel mill in Oxelösund, Sweden on November 4, 2025. The day will provide insights into SSAB´s offering of high-strength steels and other premium...

Sep 3Other news
Environment
Sustainability
Ruukki Construction

Ruukki Construction, part of SSAB and a leading supplier of sustainable, steel-based building products, announces new climate targets that go beyond its own operations to cover the entire value...

Sep 3Other news
SSAB Weathering

SSAB Weathering 460ML steel is the main material used in the Huikku Bridge, which is part of a causeway connecting Riutunkari, Oulu, and Huikku in Hailuoto, which is the largest island in the...