Rautaruukki Oyj : Rautaruukki and Ruukki Group settle name dispute - Ruukki Group to change its names Rautaruukki Corporation Stock exchange release 30 April 2013 at 2pm EEST Rautaruukki Corporation (Ruukki) and Ruukki Group Plc have today settled their name dispute. Consequently Ruukki Group is to change its names. Ruukki Group is to assign all its rights to the Ruukki name and Ruukki trademark to Rautaruukki. The agreement includes a transition period of six months within which time Ruukki Group will change the names of the listed company and all its subsidiaries. Under the agreement, Ruukki Group will assign all Ruukki trademarks in its possession and its rights to the Ruukki name to Ruukki. Thereafter, the parties will abandon legal actions initiated against each other. Rautaruukki will pay Ruukki Group compensation for the rights. This compensation is not significant. Rautaruukki has been using the Ruukki name since the 1970s in many products and product groups. Rautaruukki's Ruukki trademark is registered or registration is pending in a total of 95 countries. In addition, the names of Rautaruukki Corporation's subsidiaries in different countries have been registered as beginning with the name Ruukki. Earlier releases: 21 December 2009 Rautaruukki initiates legal proceedings to protect its Ruukki trademark 15 June 2010 Legal proceedings pending: Rautaruukki adheres to its legal action initiated in respect of trademark and company name infringement 15 June 2012 District court dismissed Ruukki Group's claim For further information, please contact: Olli Huuskonen, SVP, General Counsel, tel. +358 20 5929 300 Taina Kyllönen SVP, Marketing and Communications Ruukki specialises in steel and steel construction. We provide customers with energy-efficient steel solutions for better living, working and moving. We have around 9,000 employees and an extensive distribution and dealer network across some 30 countries including the Nordic countries, Russia and elsewhere in Europe and the emerging markets, such as India, China and South America. Net sales in 2012 totalled EUR 2.8 billion. The company's share is quoted on NASDAQ OMX Helsinki (Rautaruukki Oyj: RTRKS). www.ruukki.com DISTRIBUTION: NASDAQ OMX Helsinki Main media www.ruukki.com ------------------------------------------------------------------------------ This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Rautaruukki Oyj via Thomson Reuters ONE HUG#1697790
Rautaruukki Oyj : Rautaruukki and Ruukki Group settle name dispute - Ruukki Group to change its names
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