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.
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
Originally, a total of 10 companies were said to have been interested in taking over Acciai Speciali Terni.
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