The Extraordinary General Meetings of shareholders of Metso Corporation (“Metso”) and Outotec Oyj (“Outotec”) approved on October 29, 2019, a combination agreement and a demerger plan pursuant to which Metso’s Minerals business shall transfer to Outotec (the “Combination”), creating a combined company to be named Metso Outotec Corporation. The completion of the Combination is subject to the receipt of all required regulatory and other approvals, including competition clearances.