The combination of Outokumpu and Inoxum, the stainless steel segment of ThyssenKrupp, will create a global giant in stainless steel with a complementary and innovative product offering across key customer segments. As of 30 September 2011, the combined entity would have had annualized sales of €11.8 billion, approximately 19,000 employees, global market share (for CR including precision strip) of approximately 14%, and annual cold rolling capacity of approximately 3.5 million t. The transaction is expected to be completed during 2012. The completion of the transaction is subject to certain closing conditions, including regulatory approvals.