Outokumpu offer to divest Terni mill stuns mart
Oct 08, 2012 | 03:01 PM
| Thorsten Schier
NEW YORK Outokumpu Oyjs recent offer to divest Inoxum Groups Terni mill in Italy following the companies proposed merger in order to win European Commission approval of the deal drew surprise from market sources.
"We visited (Terni) recently and they said they were running at a high capacity utilization rate. Less than a week later, its on the trading block," one market source said, adding that he had assumed the mill would play a substantial role in the....
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