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Antonio Marcegaglia joins supervisory board of Fives

Starting from June 27th, the French group Fives appointed Antonio Marcegaglia - Chairman and CEO of the Italy-based steel manufacturing group - to its supervisory board (that now counts on 7 members). The news was released by the French group itself to whom Marcegaglia transferred the property of OTO Mills; the business unit specialized in the designing, manufacturing and installing of complete units for the production go welded tubes and profiles. The supervisory board plays a key role in the financial and administrative operations; Antonio Marcegaglia's appointment could lead to the start up of new and constructive synergies between the two steel groups.

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