Global stainless steel leader Outokumpu, through Outokumpu Holding Nederland & Outokumpu Distribution Benelux, has agreed with Mirgor on the terms and conditions for the sale by Outokumpu to Mirgor of 100% of the shares and capital of Outokumpu Fortinox. Fortinox is the local subsidiary of Outokumpu in Argentina and will continue operating as the exclusive distributor of Outokumpu products in Argentina, Paraguay and Bolivia.Parties are expecting to close the transaction, upon some operational take over procedures being completed, no later than 24 November 2022.Outokumpu has reached this agreement within the framework of its global strategy to concentrate its business on the production of the highest quality stainless steel in the central markets and develop distribution networks worldwide.
Global stainless steel leader Outokumpu, through Outokumpu Holding Nederland & Outokumpu Distribution Benelux, has agreed with Mirgor on the terms and conditions for the sale by Outokumpu to Mirgor of 100% of the shares and capital of Outokumpu Fortinox. Fortinox is the local subsidiary of Outokumpu in Argentina and will continue operating as the exclusive distributor of Outokumpu products in Argentina, Paraguay and Bolivia.Parties are expecting to close the transaction, upon some operational take over procedures being completed, no later than 24 November 2022.Outokumpu has reached this agreement within the framework of its global strategy to concentrate its business on the production of the highest quality stainless steel in the central markets and develop distribution networks worldwide.
