Outokumpu sale of assets to TK seen early '14

Dec 02, 2013 | 10:58 AM | Elfi Middelbeek

Tags  Kari Tuutti, Outokumpu, ThyssenKrupp, VDM, Acciai Speciali Terni, stainless steel, European Commission, Elfi Middelbeek

LONDON — The sale of Outokumpu Oyj’s Italian subsidiary Acciai Speciali Terni SpA and German alloy business VDM to ThyssenKrupp AG is expected to be completed during the first quarter of 2014.

The move is a part reversal of the €2.7-billion ($3.7-billion) merger with ThyssenKrupp stainless division Inoxum, which owned Terni and VDM, completed at the end of last year.....

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