# Italian authorities approve Walsin Lihwa's acquisition of Cogne Acciai Speciali

Italian authorities have approved Taiwan's Walsin Lihwa's buyout of 70% of Italian long stainless steelmaker Cogne Acciai Speciali. The deal closing is expected before the end of 2022, with over EUR 110 million investment planned in the Aosta plant between 2022-2024.

- Type: Acquisition
- Announced: 2022-10-04
- Where: Aosta, Italy, Italy
- Value: $98.1M (110.0M EUR)
- Status: announced
- Products: long stainless steel
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Walsin Lihwa Corporation](https://endata.com/companies/48526.md) (acquirer)
- [Cogne Acciai Speciali](https://endata.com/companies/63166.md) (target)

## Sources

- [eurometal.net](https://eurometal.net/italian-authorities-greenlight-cognes-walsin-lihwa-acquisition/), 2022-10-04: "The strategy is to create the world's largest group in the production of special long stainless steels."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.