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Arvedi Group completed the acquisition of Acciai Speciali Terni (AST) from ThyssenKrupp on January 31, 2022, including commercial subsidiaries in Germany, Italy and Turkey. ThyssenKrupp retains a 15% stake.
thyssenkrupp announced the divestment of its stainless steel business Acciai Speciali Terni (AST), including sales organizations in Germany, Italy and Turkey, to Italian steelmaker Arvedi. The purchase price was not disclosed; closing is expected in the first half of 2022.