The Brazilian steel mill will be sold to Ternium, a Buenos Aires based company with extensive steel activities in Middle (primarily in Mexico) and South America (primarily Argentina). Some of the production facilities are majority-owned with Nippon Steel being the minority partner. The transaction is expected to receive all necessary approvals before 30 September 2017.
22 Feb 2017
Steel Americas sold for €1.5bn and a loss of €0.9bn
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Steel Americas sold for €1.5bn and a loss of €0.9bn
thyssenkrupp AG (TKR:WBO) | 0 0 0.4% | Mkt Cap: 14,231m
- Published:
22 Feb 2017 -
Author:
Hans-Peter Wodniok -
Pages:
2
The Brazilian steel mill will be sold to Ternium, a Buenos Aires based company with extensive steel activities in Middle (primarily in Mexico) and South America (primarily Argentina). Some of the production facilities are majority-owned with Nippon Steel being the minority partner. The transaction is expected to receive all necessary approvals before 30 September 2017.