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Acerinox Board of Directors ends partnership talks with Aperam

Spanish stainless steel producer Acerinox has reportedly announced on June 6 that it has abandoned preliminary talks with Dutch Aperam for a possible partnership that will create a stainless steel giant in Europe.

Acerinox Board of Directors ends partnership talks with Aperam

According to Acerinox on Monday, the company's board of directors has unanimously agreed not to continue preliminary negotiations with Aperam to consider a possible corporate operation.

Last week, the two companies announced they were talking about a possible partnership; however, no agreement was reached on the scope, nature or terms of a potential deal.

According to analysts, such a deal would face strict scrutiny from European competition authorities as the emerging company could become a stainless steel giant with an annual capacity of up to 2.3 million tons, eclipsing current Finland-based leader Outokumpu.

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