ThyssenKrupp Close to Selling Brazil Steel Mill Stake to CSN Move Would Be First Step in Shedding Americas Assets

  • Thursday, July 18, 2013
  • Source:

  • Keywords:Steel mills, ThyssenKrupp
[Fellow]
FRANKFURT—German industrial conglomerate ThyssenKrupp AG is nearing an agreement on the sale of a major stake in its money-losing steel mill in Brazil to the country's second-biggest steelmaker, Companhia Siderurgica Nacional, or CSN, in a first step to unloading its troubled steel operations in the Americas.
 

The transaction, which will likely result in ThyssenKrupp retaining a stake of 33% or less in the Companhia Siderurgica do Atlantico steel-slabs plant, could be signed by the end of the month, according to a person familiar with the matter.

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