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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?

Stainless Espresso: Who will buy Acciai Speciali Terni (AST)?
Stainless Espresso: Who will buy Acciai Speciali Terni (AST)?

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.

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