Thyssenkrupp Agrees to Sell Brazilian Steel Plant to Ternium for EUR1.5 Billion
February 22 2017 - 12:31AM
Dow Jones News
By Christopher Alessi
COLOGNE, Germany--German industrial major Thyssenkrupp AG
(TKA.XE) said early Wednesday it had agreed sell its Brazilian
steel plant to Ternium SA (TX) in a deal valued at EUR1.5
billion.
The transaction, set to close by the end of September, would be
Thyssenkrupp's final disposal of its beleaguered steel assets in
the Americas.
The Wall Street Journal in October reported that Thyssenkrupp
was in talks with Luxembourg-based Ternium about a potential
deal.
Write to Christopher Alessi at christopher.alessi@wsj.com
(END) Dow Jones Newswires
February 22, 2017 00:16 ET (05:16 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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