German steel company ThyssenKrupp is in talks with the German government for a relief package worth at least 5 billion euros for its troubled steel company, far exceeding the group's value in today's market to ensure its survival.
The German government has announced its willingness to offer financial support to strengthen ThyssenKrupp's steel division and to ensure future domestic steel production in an environmentally friendly manner, according to people familiar with the matter.
While a wide range of assistance is still being discussed, the steelmaker and politicians are valuing around 2 billion euros in liquidity from the state fund and at least 3 billion euros in subventions, but the amount could still change significantly during the negotiations, People said.
ThyssenKrupp negotiates aid with the German government
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Azovpromstal® 13 November 2020 г. 13:15 |
