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    Market Segment

    November 19, 2013

    ThyssenKrupp Alabama Sale is Close to Conclusion

    Written by John Packard

    ThyssenKrupp AG put out a press release late this afternoon postponing their annual financial statements which were originally scheduled for this Thursday, November 21st. The reason being provided is the company is involved in “..exclusive negotiations on the potential sale of the US steel plant in Calvert/Alabama (ThyssenKrupp Steel USA). The talks also include a long term slab supply contract for ThyssenKrupp CSA, a solution that would secure the value of the Brazilian steel mill. Whether the transaction will be brought to a successful conclusion is still open at present….”

    The company advised the establishment of their 2012/2013 fiscal year financial statements has been postponed to December 2, 2013.

    John Packard

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