Trading & Financial News
No Result
View All Result
Saturday, September 16, 2023
  • Login
  • Economy
  • Markets
  • Forex News
  • Investing
  • Stock Trading
  • Crypto
Subscribe
Trading & Financial News
  • Economy
  • Markets
  • Forex News
  • Investing
  • Stock Trading
  • Crypto
No Result
View All Result
Trading & Financial News
No Result
View All Result
Home Forex News

Emirates Steel drops interest in Thyssenkrupp steel unit

by Tradinghow
July 27, 2023
in Forex News
A A
0
Emirates Steel drops interest in Thyssenkrupp steel unit
154
SHARES
1.9k
VIEWS
Share on FacebookShare on Twitter

BERLIN/FRANKFURT – Emirates Steel Arkan has walked away from a potential investment in Thyssenkrupp’s steel business, a source familiar with the matter told Reuters.

The state-backed firm stopped actively pursuing a deal due to concerns over pension liabilities and other complexities of the business, the source said.

Emirates Steel was considering buying a stake in the Thyssenkrupp unit, which has seen interest from other bidders including India’s JSW Steel Ltd also wane, the source added.

A spokesperson for Thyssenkrupp declined to comment. Bloomberg was first to report the news on Thursday.

The German conglomerate is exploring various options for its steel division, which management sees as a drag on performance due to its cyclical nature.

Previous efforts to merge the division with a peer, sell it to a rival, list it or spin it off have all failed.

(Reporting by Emma-Victoria Farr; Writing by Rachel More; Editing by Miranda Murray and Jonathan Oatis)



Source link

  • Trending
  • Comments
  • Latest

UK Faces Two Decades of No Earnings Growth and More Austerity

July 29, 2023
Emirates Steel drops interest in Thyssenkrupp steel unit

Emirates Steel drops interest in Thyssenkrupp steel unit

July 27, 2023

Learn how to trade. For beginners

July 29, 2023
India’s parliamentary panel says tax dept should conduct evasion searches with caution

India’s parliamentary panel says tax dept should conduct evasion searches with caution

July 27, 2023

High Street Retailers Pin Hopes On Discount Splurge In Black Friday Fever

0

UK Faces Two Decades of No Earnings Growth and More Austerity

0

Learn how to trade. For beginners

0

Trading for beginners

0
Forexlive Americas FX news wrap 15 Sep: US dollar moves higher helped by higher rates.

Forexlive Americas FX news wrap 15 Sep: US dollar moves higher helped by higher rates.

September 16, 2023
Polkadot community PolkaWorld halts operations after failed funding bid

Polkadot community PolkaWorld halts operations after failed funding bid

September 16, 2023
Major equity index downgrades Nigeria

Major equity index downgrades Nigeria

September 16, 2023
Mortgage Write-Offs, Buying with an LLC, & Boozy Airbnb Gifts

Mortgage Write-Offs, Buying with an LLC, & Boozy Airbnb Gifts

September 16, 2023

Recent News

Forexlive Americas FX news wrap 15 Sep: US dollar moves higher helped by higher rates.

Forexlive Americas FX news wrap 15 Sep: US dollar moves higher helped by higher rates.

September 16, 2023
Polkadot community PolkaWorld halts operations after failed funding bid

Polkadot community PolkaWorld halts operations after failed funding bid

September 16, 2023

Categories

  • Business
  • Crypto
  • Economy
  • Forex News
  • Investing
  • Markets
  • More
  • Stock Trading
  • Trading for beginners

Site Navigation

  • Home
  • Contact Us
  • Stock Trading
  • Markets
  • Investing
  • Other Links
  • Privacy & Policy
Trading & Financial News

We bring you the fastest breaking news on Trading, forex, and finance submitted from credible and reliable news sources around the world.

© 2023 Tradinghow Useful forex analysis and financial news, submitted credible news sources around the world from tradinghow.

No Result
View All Result
  • Contact Us
  • Home
  • Economy
  • Crypto
  • Investing
  • Markets
  • Forex News
  • Stock Trading

© 2023 Tradinghow Useful forex analysis and financial news, submitted credible news sources around the world from tradinghow.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In