Marcegaglia meets local institutions to express its interest in Acciai Speciali Terni

Friday, 19 June 2020 17:15:01 (GMT+3)   |   Brescia

Antonio and Emma Marcegaglia, executives of the largest Italian steel processor Marcegaglia Group, have today, June 19, been in the Italian region of Umbria to meet local institutions and talk about their interest in Acciai Speciali Terni (AST), the stainless steel producer that ThyssenKrupp put up for sale last month.

"We have not formalized any offer because we are waiting for a signal from the asset. However, we have indicated our interest on paper, which is not impromptu but dates back to several years ago," said Antonio Marcegaglia. Antonio and his sister Emma are having meetings in Terni with mayor Leonardi Latini and with local unions and then they will travel to Perugia to meet with representatives of the region.

When asked if Marcegaglia will be alone or in partnership in presenting its offer for AST, group chairman Antonio Marcegaglia replied, "It all remains to be seen. We certainly want to be protagonists," while he confirmed that the interest of the group is for the entire Terni site in its unity.

"We are here to tell the institutions who we are, what our industrial history is and our interest in an important industrial project," said Emma Marcegaglia. "We know this steel mill and its sector very well," she said.

As reported by SteelOrbis last month, the parent company ThyssenKrupp, announcing a deep restructuring plan, put the Terni-based plant on the market, looking for a partner or a buyer for the site.

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