November 23, 2017 / 11:45 AM / 3 months ago

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.

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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