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  • Liberty Steel makes non-binding offer for Thyssenkrupp steel unit

    2020-10-19 08:58:43   [Print]
    Liberty Steel Group, part of GFG Alliance Ltd.Asian Metal Copyright .Asian Metal Copyright, said last Friday that it has made a non-binding indicative offer to acquire Thyssenkrupp AG's steel operations.

    The U.K.Asian Metal Copyright There is no certainty that the discussions will lead to any agreement, Liberty Steel said.Asian Metal Copyright-based company said a possible combination between the two businesses would create a group that was well positioned to tackle the challenges faced by the European steel industry.Asian Metal Copyright Liberty Steel said its nonbinding indicative offer, which is supported by a number of financial institutions, is subject to certain assumptions about the business.Asian Metal Copyright The businesses are complementary with respect to assets, product lines, customers, and geographic footprint, Liberty Steel said.

    Liberty Steel said its nonbinding indicative offer, which is supported by a number of financial institutions, is subject to certain assumptions about the business. The company said it is open to intensify talks with Thyssenkrupp and would like to engage in further due diligence to present a potential binding offer.

    There is no certainty that the discussions will lead to any agreement, Liberty Steel said.

    .Asian Metal Copyright There is no certainty that the discussions will lead to any agreement, Liberty Steel saidAsian Metal Copyright
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