Outokumpu Converts EUR 9.5 Million of Convertible Bonds into Shares

Adven, Outokumpu to double heat recovery in Avesta

Once completed, this will mean that waste heat recovery for district heating from the Outokumpu Södra Verken facility will double, from 40 to just over 80 GWh per annum, corresponding to around a third of Avesta’s total heating needs. In practice, we are reducing our fuel consumption. The new waste heat allows us to reduce the burning of waste and biomass fuels to keep the heat going. This is a resource that already exists and is now providing r…

Outokumpu Converts EUR 9.5 Million of Convertible Bonds into Shares

Outokumpu Converts EUR 9.5 Million of Convertible Bonds into Shares (IN BRIEF) Outokumpu has converted EUR 9,500,000 of its senior unsecured convertible bonds into 3,578,962 new shares, with no change to the total number of outstanding shares. After the cancellation of treasury shares, Outokumpu will hold 28,123,822 treasury shares. The conversion shares are expected to be registered and begin trading on Nasdaq Helsinki Ltd in late May 2025. (PR…