CAPITAL MARKETS

Outokumpu nets EUR23m from Inmet stake

FINNISH metals producer Outokumpu has pocketed EUR23 million after selling the Inmet shares it received as part payment from the sale of its Pyhasalmi copper-zinc operation to the Canadian miner in 2002.

Greg Tubby
Outokumpu nets EUR23m from Inmet stake

Outokumpu said the shares were worth EUR13 million at the time of the acquisition. The parcel had been subject to a “lockup” period during which they could not be sold, but Outokumpu and Inmet agreed...

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