August the 26th, 2011
Outokumpu Oyj: State prosecutor appeals against district court's decision related to export practices to Russia
The court proceedings related to Outokumpu's export practices to Russia continue. The State prosecutor has appealed against the District Court verdict which dismissed all charges pressed against Outokumpu and five of its employees for alleged money laundering. The Finnish State was ordered to pay a total of EUR 1.2 million in compensation.
Corporate General Counsel Matti Louhija: "We are disappointed in the prosecutor's decision. The matter was thoroughly handled in spring 2011 at the District Court of Kouvola where all charges by the prosecutor were dismissed. The outcome of the trial was in our view unambiguous."
Outokumpu is a global leader in stainless steel with the vision to be the undisputed number one. Customers in a wide range of industries use our stainless steel and services worldwide. Being fully recyclable, maintenance-free, as well as very strong and durable material, stainless steel is one of the key building blocks for sustainable future. Outokumpu employs some 8 000 people in more than 30 countries. The Group's head office is located in Espoo, Finland. Outokumpu is listed on the NASDAQ OMX Helsinki.
For further information, please contact:
Matti Louhija, SVP - Corporate General Counsel
tel +358 9 421 5508, mobile +358 40 501 5056
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