American assets of ThyssenkrupP continue to depreciate

The German steel company Thyssenkrupp has once again reduced the balance sheet value of its assets in Alabam, the USA and Rio de Janeiro, Brazil by 0.5 billion euros up to 3.4 billion. The continuing depreciation of metallurgical enterprises can force the company's management in negotiations with potential buyers of these assets. Reuters writes about this today.

However, despite the statements of analysts about the fact that the decline in the value of American factories can reach 700 million euros, the THYSSENKRUpp shares increased in price by 4 percent - up to 15.75 euros apiece and were located at the same level with shares of the largest European enterprises capable of paying high dividends.

It was reported that the Brazilian CSN and the consortium of the world's largest steel company Arcelormittal and the Japanese Nippon Steel made his proposals to Thyssenkrupp. Both applicants, according to unconfirmed reports, were ready to buy two American plants for $ 3 - 3.5 billion, which until recently did not suit the Germans.

The pure loss of 656 million euros obtained by the results of the first quarter of 2013 will make the new president of Thyssenkrupp Heinrich Hayzizger much more accommodating in negotiations on the sale of American assets, Reuters believe. The German steel company is close to the completion of negotiations, since the sale of both plants that cost ThyssenkrupP at one time more than 10 billion euros can return the company to the status of a profitable enterprise.