ThyssenKrupp plans equity sale following Calvert deal

Dec 02, 2013 | 11:42 AM |

Tags  ThyssenKrupp, ArcelorMittal, Nippon Steel & Sumitomo Metal, Calvert, equity sale, Outokumpu

SHANGHAI — ThyssenKrupp AG may sell new equity worth up to 10 percent of the company’s value in a move announced along with a deal to sell its Calvert, Ala., plant.

Germany’s biggest steelmaker posted a net loss of €1.5 billion ($2.03 billion) in its fiscal year ended Sept. 30 and still needs to cut through debt of €5 billion ($6.78 billion), much of which was contributed by its Steel Americas division.....

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