UK investment firm Attestor completes its acquisition of a majority stake in Italian steel re-roller Padana Tubi, appointing Mariano Armengol as the new chief executive. The company generates €900 million ($1 billion) in annual turnover & employs eight hundred workers. The Alfieri family retains a significant minority shareholding & continues to serve on the board. Both parties describe the deal as a long-term commitment to supporting Padana Tubi's growth.