{"id":1170652,"date":"2020-03-10T07:52:22","date_gmt":"2020-03-10T13:52:22","guid":{"rendered":"https:\/\/www.mining.com\/?p=1016618"},"modified":"2020-03-10T07:52:22","modified_gmt":"2020-03-10T13:52:22","slug":"metso-outotec-merger-moves-forward-as-further-hurdles-cleared","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1170652","title":{"rendered":"Metso-Outotec merger moves forward as further hurdles cleared"},"content":{"rendered":"<p>Finnish engineering group Metso&nbsp;<a href=\"https:\/\/www.metso.com\/news\/2020\/3\/update-on-the-status-of-competition-clearances-required-for-the-combination-of-metso-minerals-with-outotec\/\"  rel=\"noreferrer noopener\" aria-label=\" (opens in a new tab)\">said the planned merger<\/a> of its main minerals technology business with smaller rival Outotec remains on track to be completed mid-year, as it has received fresh competition clearances from a number of countries, including the US, Australia, Russia, South Africa, and the Common Market for Eastern and Southern Africa (COMESA).<\/p>\n<div class='d-flex justify-content-center d-xs-block d-sm-block d-md-none'>\n<div id='div-gpt-ad-1561499308230-0'><script>googletag.cmd.push(function() {googletag.display('div-gpt-ad-1561499308230-0');});<\/script><\/div>\n<\/div>\n<p>The new company, to be called Metso Outotec, will be one of<br \/>\nthe leading technology suppliers to mining and minerals processing companies, Metso<br \/>\nsaid when announcing the deal last year. The merged entity is expected to<br \/>\ncombined sales of 3.9 billion euros ($4.4 billion), based on 2018 figures.<\/p>\n<p>The merger is expected to enable cost savings of at least<br \/>\n100 million euros and revenue synergies, stemming from cross-sales<br \/>\nopportunities, of at least 150 million euros a year.<\/p>\n<p>Once the merger is completed, Metso shareholders will own about<br \/>\n78% of the shares and votes in Metso Outotec, with existing Outotec<br \/>\nshareholders holding the balance.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Former competitors expect to complete their business combination on June 30, 2020, subject to the receipt of all remaining regulatory approvals.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[949,369,2857],"tags":[],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1170652"}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1170652"}],"version-history":[{"count":5,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1170652\/revisions"}],"predecessor-version":[{"id":1170682,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1170652\/revisions\/1170682"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1170652"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1170652"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1170652"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}