Thyssenkrupp steps up efforts to sell Industrial Solutions unit: FT

(Reuters) – German conglomerate Thyssenkrupp AG (DE:) has stepped up efforts to sell its Industrial Solutions unit, which builds plants and industrial sites, the Financial Times newspaper reported https://on.ft.com/2uCjbc5 on Sunday.

China’s state-owned companies are expected to be among the parties interested in buying the unit, the newspaper reported, citing people familiar with the matter.

The FT said bankers had sounded out potential buyers over the past few weeks.

The report comes a couple of days after Der Spiegel magazine reported Thyssenkrupp was considering reviving plans for a steel merger with smaller German peer Salzgitter (DE:).

Thyssenkrupp was not immediately available for a comment on Sunday.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.