Reuters reported that POSCO has denied that it is interested in buying the ThyssenKrupp stainless steel plant in Terni, Italy, rejecting market speculation that the South Korean producer could buy the plant to increase its presence in Europe.
A spokeswoman for the company said “POSCO is not interested in the ThyssenKrupp Terni plant.”
She declined to comment on whether POSCO had taken a look at buying the plant or was never interested.
Finnish group Outokumpu has committed to selling the Acciai Speciali Terni plant to gain regulatory approval for buying ThyssenKrupp's Inoxum unit.
Source:
http://www.steelguru.com/stainless_steel_news/POSCO_not_interested_in_ThyssenKrupp_Terni_plant/295028.html
