NEWSBREAK: Thyssenkrupp ends steel business sale talks with Liberty

Thyssenkrupp has terminated sale negotiations for its Steel Europe business to Liberty Steel due to different pricing expectations, Fastmarkets heard on Wednesday February 17.

“We opened the door for negotiations, but in the end our ideas about the corporate value and the structure of the transaction were far apart. We have therefore decided to end the talks,” Dr Klaus Keysberg, chief financial officer of Thyssenkrupp, said.

“We regret this step because we perceived Liberty Steel as a serious partner in the process. Now it is important for us to ensure the future viability of our steel business on...

Published

Julia Bolotova

February 17, 2021

21:39 GMT

Dnipro