en.Wedoany.com Reported - German industrial group thyssenkrupp AG completed the sale of its remaining 15% stake in Acciai Speciali Terni S.p.A. (AST) to Italy's Arvedi Group on June 10, 2026, making AST a wholly-owned subsidiary of the Arvedi Group. The two parties reached an overall divestiture agreement in 2021, with thyssenkrupp retaining a minority stake primarily for transitional operational collaboration. This transaction brings tens of millions of euros in cash inflow to thyssenkrupp. According to Volkmar Dinstuhl, member of the company's Executive Board, this move will further streamline and focus the group's business portfolio.
thyssenkrupp AG is one of the leading global industrial enterprises, consistently ranking among the Fortune Global 500. Headquartered in Essen, Germany, it has over 670 subsidiaries, with businesses spanning steel, automotive technology, marine systems, and other sectors. Under its ACES 2030 strategy, the group is gradually transitioning into a financial holding company, promoting independent operations of its business units and continuously divesting non-core assets. Affected by long-standing challenges in the European steel market, including high energy costs, weak demand, and trade barriers, the company's crude steel production fell from 10.26 million tons in 2024 to 9.41 million tons in 2025, a decline of approximately 8.3%. thyssenkrupp Steel has previously announced plans to cut about 11,000 jobs by 2030 through layoffs, outsourcing, and business sales, while simultaneously reducing steel production capacity.
AST, with a history of over 130 years, is located in Terni, Italy. It is one of the top four full-process stainless steel flat product producers in Europe, using electric arc furnace technology to produce approximately 1.4 million tons of stainless steel flat products annually, with around 2,700 employees. AST is also Italy's only full-process stainless steel producer, offering products including hot-rolled and cold-rolled stainless steel coils, sheets, and specialty steel forgings. The acquirer, Arvedi Group, was founded in 1963 and is headquartered in Cremona, Italy. It specializes in carbon steel and stainless steel production and processing, with an annual steel output exceeding 5 million tons and approximately 6,400 employees. In 2022, it became the world's first steel company to achieve net-zero carbon emissions. After completing the acquisition of AST in 2022, the group expanded its business into the stainless steel flat product manufacturing sector.
This equity transfer marks AST's full integration into the Arvedi Group. Against the backdrop of intensifying global competition in the steel industry and high cost pressures, this transaction reflects the common choice of established steel companies to respond to market changes by divesting non-core assets and optimizing business structures.
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