NASDAQ OMX (NASDAQ: NDAQ) announced that trading in SSAB AB (SSABAH) shares commenced today on the main market of NASDAQ OMX Helsinki. SSAB AB is a large cap company within the sector Basic Materials. SSAB shares have been listed on the main market of NASDAQ OMX Stockholm since 1989, and from today the shares of the company are also secondary listed on NASDAQ OMX Helsinki. On 22 January 2014, the Boards of Directors of SSAB AB and Rautaruukki Corporation announced a plan to combine the two companies through SSAB making a public share exchange offer to Rautaruukki’s shareholders. The combination is now completed.
SSAB is a Nordic and US-based steel company. SSAB offers value added products and services developed in close cooperation with its customers to create a stronger, lighter and more sustainable world. SSAB has employees in over 50 countries. SSAB has production facilities in Sweden, Finland and the US. For more information, visit www.ssab.com.
CEO Martin Lindqvist of SSAB commented: “Following the combination, Finland is one of SSAB's domestic markets and it is very pleasing that we can now offer our new shareholders trading on the exchange in Helsinki. We hope that the combined company will lead to greater interest in the SSAB share, and the listing on Nasdaq OMX Helsinki is an important step in this direction,” says Martin Lindqvist, President and CEO of SSAB.
Lauri Rosendahl, President of NASDAQ OMX Helsinki said: “We are proud to welcome SSAB AB to our exchange here in Helsinki. A secondary listing in Helsinki in euros will enhance the company’s visibility and serve well also the broad base of existing shareholders in the former Rautaruukki. It will also provide access to new investors in particular in Finland. We are pleased to support SSAB in all stages of their development and growth, and to provide the platform they need to create shareholder value.”