In conjunction with SSAB's completion of the combination with the Finnish company Rautaruukki, SSAB has applied for a secondary listing on Nasdaq OMX Helsinki, in addition to the current listing on Nasdaq OMX Stockholm.
The combination of SSAB and Rautaruukki took place through a share exchange offer whereby Rautaruukki's shareholders were offered newly issued shares in SSAB in exchange for their existing shares in Rautaruukki. With the completion of the combination, SSAB now has more than 32,000 new shareholders. The listing on Nasdaq OMX Helsinki will make it easier for new shareholders to trade in SSAB shares.
"Following the combination, Finland is one of SSAB's domestic markets and it is very pleasing that we can now offer our new shareholders trading on the exchange in Helsinki. We hope that the combined company will lead to greater interest in the SSAB share, and the listing on Nasdaq OMX Helsinki is an important step in this direction," says Martin Lindqvist, President and CEO of SSAB.