The Boards of Directors of Metso Corporation and Outotec Oyj have resolved to complete the combination of Metso’s Minerals business and Outotec Oyj through a partial demerger of Metso in accordance with the demerger plan and combination agreement signed on July 4, 2019. The completion of Metso’s partial demerger was registered today at the Finnish Trade Register.
After the partial demerger, Metso became Neles Corporation. Trading in the shares of Neles on the official list of Nasdaq Helsinki Ltd will commence on July 1, 2020 under the trading code NELES. At the beginning of the public trading, the number of Neles shares is 150,348,256.