thyssenkrupp close to selling US plant to ArcelorMittal-Nippon Steel consortium – report

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M&A

Deal expected to be announced early next month

ThyssenKrupp is in advanced stage of negotiations with a consortium of ArcelorMittal and Nippon Steel & Sumitomo Metal Corporation (NSSMC) to sell its steel rolling plant in Alabama (US) for JPY200bn (USD2bn), Nikkie reported without disclosing the source.

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