Reprotedly, Aperam, Luxembourg-based stainless steel maker, has intend to bid Outokumpu’s Terni plant in Italy with two Italian firms, boosting hopes the sale has clear buyer.
Outokumpu has decided to sell the Terni mill by May 7th to gain approval for its purchase of ThyssenKrupp’s stainless steel business Inoxum last year.
Analysts said that sales of Terni could decrease some of the benefits of the Inoxum and could hardly get a good price due to the deadline and a weak market.
Aperam had earlier said it would be the majority shareholder of the joint venture, while the two, Arvedi and Marcegaglia would have equal minority shareholdings.
Source:
http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=63135&division=A9
