Disposal of ITLA S.p.A. shares

On December 19, 2019, CLN S.p.A. finalized the process of disposing of the shares held in the subsidiary ITLA BONAITI S.p.A., thus leaving the cold re-rolling steel sector.

The divestment operation is part of a wider redesign, aimed at a greater focus of the CLN Group on its "core" automotive activities and the gradual divestment of the "non-core" activities.