Liberty Steel wants to buy Thyssenkrupp's steel division

by   CIJ News iDesk III
2020-10-21   10:33

Liberty Steel has submitted an offer to take over the steel division of the German conglomerate Thyssenkrupp, which is looking for buyers or partners to ensure the survival of the division. Previously, the company tried to combine its European operations with those of Tata Steel, but the merger ended in failure.

In February, Thyssenkrupp agreed to sell its elevator division, with deliveries in Romania, to the American investment funds Advent and Cinven, for 17.2 billion euros, but the transaction has not yet been completed.