SSAB divests Plannja Oy as part of the remedies required under the Rautaruukki transaction

Avance advises SSAB in the divestment of Plannja Oy to Metehe Oy. Both Plannja and Metehe are specialized in the processing, profiling and distribution of sheet steel mainly for construction applications.

The transaction is part of the remedies required by the European Commission for the combination of Rautaruukki with SSAB. Upon the combination, SSAB’s subsidiary Plannja AB, active in processing of steel sheet products, was combined with Ruukki’s construction businesses to form the new Ruukki Construction division. As part of the approval for the combination between SSAB and Rautaruukki, the European Commission required the divestment of Plannja’s Finnish subsidiary, Plannja Oy.