01
Dec
11:11
Walsin finalises Cogne's purchase
Taiwan’s Walsin Lihwa has finalised the buyout of Italian long stainless steelmaker Cogne Acciai Speciali (CAS), Kallanish learns from Cogne.
After the Italian authorities issued the official approval last month, the go ahead has now also come from the Ministry of Economic Development (Mise) and the antitrust authority. “This transaction creates the world’s largest stainless long products” a company note says.
Walsin has bought 70% of CAS …
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Anonymous
Very good overview of the weekly steel market.
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