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Outokumpu sells stake in joint venture with Fischer

Outokumpu has entered into an agreement with F.E.R. Fischer Edelstahlrohre GmbH concerning a joint venture between the companies known as Fischer Mexicana. Under agreement terms, Outokumpu will sell its 50 percent stake in the joint venture to Fischer for $63 million. The transaction, designed to reduce Outokumpu's outstanding debts, is expected to close in the fourth quarter. Read More »