Thyssenkrupp Sells Italian Mill Acciai Speciali Terni to Arvedi
Thyssenkrupp AG said Thursday that it had sold its stainless-steel mill in Italy, Acciai Speciali Terni, to steel producer Arvedi. The parties agreed not to disclose the purchase price, with the closing of the transaction expected in the first half of 2022, Thyssenkrupp said. The German steel maker said it is also examining a possible minority shareholding in the AST group, details of which will be negotiated up to the closing. The transaction is subject to approval by Thyssenkrupp's supervisory board and merger control clearance, it said.