Voestalpine kicks off talks on sale of stake in steel trading business

Dec 29, 2006 | 01:09 PM | Sharon Flaherty

Austrian steelmaker Voestalpine AG, which holds a 37-percent stake in international steel trading business Voest-Alpine Intertrading AG (Vait), has started meetings to decide the conditions of its sale.

About two weeks ago, the parent company's management met with other shareholders of Vait, including Munich, Germany,-based Siemens AG, to decide the conditions for the sale of the steel trading business, a spokesman for Linz-based Voestalpine said.....

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