Finland's Outokumpu announces major financing plan, divests assets - Reuters
Stainless steel maker Outokumpu plans to raise a rights issue and divest assets back to ThyssenKrupp in an unexpected package of steps aimed at shoring up its finances, writes Reuters. The move will partly reverse Finnish Outokumpu's 2012 acquisition of Thyssenkrupp's stainless steel business Inoxum as it transfers a large steel plant in Terni, Italy, and high-performance alloy unit VDM back to the German group.
2 December 2013•3 mins read
