en.Wedoany.com Reported - German industrial group thyssenkrupp AG has announced the completion of the sale of its remaining 15% stake in Italian stainless steel producer Acciai Speciali Terni S.p.A. (AST) to Italy's Arvedi Group. Following this transaction, Arvedi Group has become the sole owner of AST. The sale has generated a cash inflow of tens of millions of euros for thyssenkrupp, further enhancing the company's liquidity.

Headquartered in Essen, Germany, thyssenkrupp AG is a diversified industrial group with businesses spanning steel, materials, industrial solutions, and marine systems. Arvedi Group, based in Cremona, Italy, is one of Europe's leading steel enterprises, specializing in the production of flat-rolled and stainless steel products. Located in Terni, in the Umbria region of central Italy, AST is a stainless steel producer with a history of over 135 years. Using electric arc furnace technology, it produces approximately 1 million tons of stainless steel flat products annually, making it one of Europe's leading producers of stainless steel flat-rolled products.

This equity sale represents the final step in the divestiture agreement reached between the two parties in 2021. In September 2021, thyssenkrupp announced the sale of AST and its related sales offices in Germany, Italy, and Turkey to Arvedi Group. Upon completion of the transaction, thyssenkrupp retained a 15% minority stake in AST to support operational cooperation with the new owner during the transition period. With the sale of the remaining shares, the transaction has been formally concluded as planned. Volkmar Dinstuhl, member of the Executive Board of thyssenkrupp AG, stated that the completion of this sale marks a significant step in the group's efforts to further streamline its business portfolio and strengthen strategic focus, while also creating greater financial flexibility for the company's ongoing transformation.

This divestiture is part of a broader strategic realignment under thyssenkrupp's "ACES 2030" strategy. The strategy aims to transform the group into a financial holding company, with each business operating independently but under a unified corporate structure. Through this transaction, thyssenkrupp has further concentrated on its core businesses and optimized its asset portfolio.

This article is compiled by Wedoany. All AI citations must indicate the source as "Wedoany". If there is any infringement or other issues, please notify us promptly, and we will modify or delete it accordingly. Email: news@wedoany.com