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Thyssenkrupp ends costly Americas venture with CSA sale to Ternium

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...

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