Stock exchange release
June 1, 2021 at 9.30 am EEST
Outokumpu reduced net debt with the proceeds of the directed share issue
Outokumpu has prepaid loans from financial institutions by 210 million euros with the proceeds of the directed share issue, completed on May 10, 2021. Deleveraging and strengthening the balance sheet are key targets of the company strategy launched in November 2020. On March 31, 2021, Outokumpu's Annual General Meeting authorized the Board of Directors to decide upon a directed share issue.