OUTOKUMPU – TUBINOXIA BECOMES MAJORITY SHAREHOLDER IN THE OSTP TUBULAR JOINT VENTURE
Outokumpu’s partner in the OSTP tubular joint venture, Tubinoxia S.r.l. has exercised its call option and acquired additional 15% of the joint venture’s shares from Outokumpu. Tubinoxia, an Italian company controlled by Andrea Gatti, has thus increased its ownership in OSTP from 36% to 51%. The OSTP joint venture was formed in July 2011 when …