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ThyssenKrupp’s Brazil Plant May Attract Posco, Handelsblatt Says
May 16,2012 17:21CST
industry news
Source:SMM
ThyssenKrupp AG (TKA)’s steel plant in Brazil may be of interest to South Korea’s Posco (005490) or Vale SA (VALE3), which already owns 27 percent of it.

ThyssenKrupp AG (TKA)’s steel plant in Brazil may be of interest to South Korea’s Posco (005490) or Vale SA (VALE3), which already owns 27 percent of it, Handelsblatt reported, citing an interview with Heinrich Hiesinger, ThyssenKrupp’s chief executive officer.

Posco wants to expand in Brazil, the newspaper said.

ThyssenKrupp said yesterday that a sale of U.S. and Brazilian plants is among “strategic options” for its unprofitable Americas unit.

 

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