Thyssenkrupp: Liberty Steel confirms offer
(CercleFinance.com) - Further to the information from Der Spiegel on an offer from Liberty Steel to buy the German Thyssenkrupp's steel business, the Indian group this morning has confirmed its offer.
Such a deal could also be of interest to Indian group Tata, as well as Sweden's SSAB, indicates Der Spiegel.
A combination of the two companies would create a strong group well positioned to tackle the challenges faced by the European steel industry, indicates the management of Liberty Steel.
The companies are complementary in terms of assets, product lines, clients and geographic footprint, adds the Indian group.
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Such a deal could also be of interest to Indian group Tata, as well as Sweden's SSAB, indicates Der Spiegel.
A combination of the two companies would create a strong group well positioned to tackle the challenges faced by the European steel industry, indicates the management of Liberty Steel.
The companies are complementary in terms of assets, product lines, clients and geographic footprint, adds the Indian group.
Copyright (c) 2020 CercleFinance.com. All rights reserved.