ThyssenKrupp AG sells 20% of its steel business to EP Corporate Group (EPCG), with potential for EPCG to acquire an additional 30% for a joint venture.
ThyssenKrupp AG, a German steel and engineering company, has agreed to sell 20% of its steel business to EP Corporate Group (EPCG). The deal is scheduled to close during this financial year. Both companies are also in discussions for EPCG to acquire an additional 30% stake in ThyssenKrupp's steel business, aiming to form a 50:50 joint venture.
April 26, 2024
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