FRANKFURT/DUESSELDORF: Thyssenkrupp could give Britain's Liberty Steel access to the books of its steel unit as soon as next week, three people familiar with the matter said.
A successful bid would cut Liberty Steel's reliance on up to 3 million tonnes of slab and hot rolled coil it needs to buy each year to feed its manufacturing lines. Thyssenkrupp's Duisburg plant, in turn, would be better utilised.A takeover is also expected to raise less antitrust scrutiny than a previously failed tie-up between Thyssenkrupp and Tata Steel, according to Jefferies analysts, as both groups have limited overlap in their product portfolio and geographies.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.