Update: thyssenkrupp sells AST to Italian Arvedi Group
The sale of Acciai Speciali Terni is drawing closer. Two bidders are said to still be in the running for the Italian flat steel producer, which is to be sold by its parent company ThyssenKrupp.
Update: AST: Who will buy the Italian stainless steel producer Acciai Speciali Terni?
Acciai Speciali Terni: Two steel groups interested in purchase
In the final sprint to sell Italian flat steel producer AST, two groups are still in the bidding process, according to media reports. JP Morgan, the consulting firm commissioned by AST parent ThyssenKrupp with the sale process, is expected to receive the binding offers in the next few weeks.
Marcegaglia and Arvedi still in the race for AST
Since AST is to be sold by ThyssenKrupp, the two Italian steel groups Marcegaglia and Arvedi have made no secret of their intention to take over the Terni-based flat steel producer AST.
Originally, a total of 10 companies were said to have been interested in taking over Acciai Speciali Terni.
Read also:
- Stainless Espresso: EC again admits errors in Safeguard extension
- Stainless Espresso: Aluminum premiums for EU buyers are rising fast
- Stainless Espresso: European steel no longer competitive?
We at the Gerber Group have been trading in stainless steel worldwide for over 20 years. We are your experts when it comes to purchasing, import, logistics and services. Information is a vital part of this. Because only then can you and we make the right decisions. Do you have any questions? Contact us now.
Disclaimer: Many things here represent our opinion. Others are information from the Internet. We can therefore never claim to be correct or complete. And never base a business decision solely on the news you receive from us.
