TK seeking $8.86B for Steel Americas

Aug 28, 2012 | 05:33 PM | Chris Prentice

Tags  ThyssenKrupp, Steel Americas, Heinrich Hiesinger, Calvert, Chris Prentice

NEW YORK — ThyssenKrupp AG aims to recoup the roughly €7-billion ($8.86-billion) book value of its Steel Americas assets as it looks to sell or find a partner for the struggling unit, a spokesman told AMM Tuesday.

The spokesman described the process of selling the company’s facilities in Calvert, Ala., and Rio de Janeiro as "quite young," adding, "There are more than 10 interested parties, but we have no concrete information yet (to share) about who is interested and what is the status (of that interest)." ....

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