November 23, 2017 / 12:02 PM / in a year

Thyssenkrupp confirms Italian stainless steel unit AST for sale

ESSEN, Germany (Reuters) - Thyssenkrupp (TKAG.DE) Chief Executive Heinrich Hiesinger on Thursday confirmed plans to sell its Italian stainless steel plant, Acciai Speciali Terni (AST), adding this was the group’s only asset currently up for sale.

Heinrich Hiesinger, Chief Executive of ThyssenKrupp AG, smiles as he addresses the yearly balance news conference in light of the preliminary agreement of Thyssenkrupp and Indian peer Tata Steel to combine their European steel operations, at the ThyssenKrupp headquarters in Essen, November 23, 2017. REUTERS/Thilo Schmuelgen

Hiesinger made the comments after presenting full-year results that included the group’s highest order intake in five years, without specifying whether an official sales process had been launched.

Reporting by Christoph Steitz; Editing by Maria Sheahan

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