The consortium consists of Ampang brushed aluminum alloy and two Italian steel companies - Arvedi Steel and Marcegaglia Steel. The other three companies interested in participating in the bidding are China Qingshan Iron and Steel Group, JP Morgan Private Equity OneEquityPartners and US investment fund Apollo.
According to the requirements of the European Commission, in order to complete the acquisition of Inoxum for ThyssenKrupp Aluminium Alloy Business, Outokumpu must sell the original ThyssenKrupp Italian Terni Brushed Aluminum Sheet Plant before May 7.
An industry insider said, “I think that Anplang is leading the bidding because it is the best choice for the European brushed aluminum alloy market. Italy also believes that if the private equity firm buys the steel mill, it will The company will be reduced in 3-4 years, and the company will be a long-term solution. In order to ensure the competitiveness of the Ternilas aluminum alloy plant, Italian trade unions also tend to buy steel, not financial institutions.