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PrintRuukki has announced that it intends to complete consolidation of its entire European business by acquiring the EWW chrome processing facilities in Germany and by terminating the profit and loss sharing arrangement with the RCS trading business in Malta. The total transaction value of a minimum EUR 25.3 million, payable to major RKKI shareholder, Kermas Limited, will consume a fair proportion of RKKI's cash (EUR 66 million as end of 2011), but will provide it with complete ownership and control of the European businesses.
This transaction between RKKI and Kermas ends the remaining arrangements entered into in October 2008, when RKKI acquired the European business from Kermas.
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