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The business, Uhde Clorine Engineers (TKUCE), could be valued at 5 billion euros ($5.7 billion), the sources said, outstripping a Credit Suisse (SIX:CSGN) analyst’s valuation of the company in May at around 2.8 billion euros.
Thyssenkrupp declined to comment.
A 66-34 joint venture of Thyssenkrupp and Italy’s De Nora, Thyssenkrupp Uhde Chlorine Engineers (TKUCE) is the world’s largest supplier of chlor-alkali membrane technologies used to produce hydrogen.
