Thyssenkrupp AG plans to sell its American metallurgical plants in May

The largest steel company of Germany Thyssenkrupp narrowed the circle of buyers on its American and Brazilian metallurgical assets. According to the intelligence of the Bloomberg news agency, the Brazilian company CIA. Siderurgica Nacional SA (CSN) without waiting for the end of the agreement with the BNDES State Bank, offered the Germans for the plant in Rio de Janeiro $ 3 billion.

At the same time, the ARCELORMITTAL (MT) cooperative with Nippon Steel and Sumitomo Metal intend to redeem the Thyssenkrupp steel plant in Alabama, the USA for $ 2 billion.

Thyssenkrupp plans to choose the winner of the race for his assets before a meeting of the board of directors planned in mid -May of this year.

It was reported, the general manager of ThyssenkrupP Henry Haysinger sells metallurgical plants in America due to the difficult financial situation in the company. According to Bloomberg, due to the weakened demand and intensified competition from China, the German company calculates annual losses of about $ 5 billion and refuses to pay dividends to its shareholders.

“The sale process is according to plan,” said Stefan Ettvig, refusing to comment on rumors by telephone.