Tag «VDM»

OUTOKUMPU COMPLETES THE DIVESTMENT OF TERNI AND VDM TO THYSSENKRUPP AND CONCLUDES THE DEBT FINANCING ARRANGEMENTS

Outokumpu has completed the divestment of the Terni remedy assets, certain service centers and the VDM-business to ThyssenKrupp. Furthermore, Outokumpu has finalized the comprehensive debt financing arrangements. The transaction and measures were originally announced on November 30, 2013. Divestment of Terni and VDM to ThyssenKrupp completed In the transaction, the stainless steel mill in Terni, …

EU Commission approves transaction of AST and VDM

The European Commission has today approved the divestiture of Terni remedy assets, related service centers and VDM business unit to ThyssenKrupp, which was announced on November 30, 2013. ThyssenKrupp expects to close the transaction in the next few weeks, subject to fulfillment of all closing conditions. ThyssenKrupp has around 157,000 employees in just under 80 …