Germany’s Thyssenkrupp (TKAMY) may sell Thyssenkrupp Steel Europe, or TKSE, to India’s Jindal Steel in a number of steps as the two companies aim to reach a deal for the complex business, Reuters’ Christoph Steitz, Tom Kaeckenhoff, and Neha Arora report, citing four people familiar with the talks. Jindal has been conducting due diligence on the steel unit since October after making an indicative offer for the business, the authors note.
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TKAMY:
- Thyssenkrupp price target raised to EUR 8.70 from EUR 8.30 at Morgan Stanley
- Thyssenkrupp AG Earnings Call: Strategic Wins Amid Challenges
- TKAMY Earnings this Week: How Will it Perform?
- Thyssenkrupp price target raised to EUR 13 from EUR 9.76 at Citi
- Thyssenkrupp price target lowered to EUR 7.60 from EUR 7.70 at JPMorgan