Steel mill sale

Industrial and technology group Thyssenkrupp has reached agreement with Ternium on the sale of the CSA Siderúrgica do Atlântico (CSA) steel plant in Brazil. The purchase price (enterprise value) is €1.5 billion. “With the sale of CSA we are parting fully with Steel Americas. This is an important milestone in the transformation of Thyssenkrupp into a strong industrial group,” says Dr Heinrich Hiesinger, CEO of Thyssenkrupp AG. “We now generate over 75% of our sales with our profitable capital goods and services businesses.”
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