You are here

Thyssenkrupp ends costly Americas venture with CSA sale to Ternium

Friday, February 24, 2017 - 05:50

BT_20170224_KYKRUPP24_2759521.jpg
Mr Kerkhoff says the deal is clearly a positive signal for merger talks between his group and Tata Steel

Sao Paulo

THYSSENKRUPP AG has struck a deal to sell money-losing Brazilian steel mill CSA Cia Siderúrgica do Atlántico SA to Ternium SA for 1.26 billion euros (S$1.88 billion), ending a foray into the Americas that led to years of massive losses.

Including debt, the deal gives CSA

sentifi.com

Market voices on:

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom