Roschier represented Rautaruukki Oyj in the combination of SSAB AB (publ) and Rautaruukki through SSAB making a recommended public share exchange offer to Rautaruukki’s shareholders with a premium of 20% based on the last three-month volume-weighted average share prices of both SSAB and Rautaruukki. For each Rautaruukki share, 0.4752 newly issued SSAB class A shares and 1.2131 newly issued class B shares are being offered. The total value of the share exchange offer amounts to SEK 10.1 billion (EUR 1.1 billion).
The proposed combination is expected to create substantial value for shareholders in both SSAB and Rautaruukki. The combined company will be a Nordic and U.S.-based steel company with a global reach. It will continue to serve customers with a broad offering within high strength steels, standard strip and plate products as well as tubular products. Following the completion of the share exchange offer, the combined company will apply for a secondary listing on NASDAQ OMX Helsinki.