Marcegaglia acquires long stainless steel products division from Outokumpu, including steelworks 

Intesa Sanpaolo, IMI Corporate & Investment Banking Division, has assisted the Marcegaglia group as financial advisor in the agreement to acquire all the main companies of the stainless steel long products division of Outokumpu, a Finnish multinational world leader in stainless steel production and one of the recognised champions of sustainability, for a total transaction value of €228 million.

In 2021, the division had revenues of EUR 810 million with an Ebitda of EUR 47 million, employing around 700 people. The parties expect to complete the transaction by the end of this year, after the go-ahead from the Competition Authorities.

For the first time in its history, the Marcegaglia group is investing in primary steel production. 

Through this operation, thanks to innovation, low carbon technologies and resource efficiency, the Marcegaglia group accelerates on its important path to reduce energy consumption and greenhouse gas emissions.