01
Aug
15:26
Outokumpu completes longs divestment to Cogne
Outokumpu has completed the divestment of the remaining Long Products business in Degerfors and Storfors to Cogne Acciai Speciali.
The sale was originally announced at the beginning of April (see Kallanish 1 April). It trailed the divestment of the majority of the Long Products business to Marcegaglia at the beginning of the year.
The enterprise value of the latest transaction is €12 million ($13m) and it has a positive cash impact for Outokumpu. The compan…
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