Steel Mills
October 26, 2016
Thyssenkrupp May Sell CSA to Ternium SA
Written by Sandy Williams
Thyssenkrupp AG is in negotiations to sell its Brazilian steel plant Companhia Siderúrgica do Atlântico (CSA) to Ternium SA.
According to the Wall Street Journal, talks are at an advanced stage but may hit a stumbling block over price for the Brazilian operations. Thyssenkrupp spent $6.8 billion to build CSA but it is currently valued at around $1.17 billion. Sources familiar with the discussions suggest it is unlikely that Ternium will be willing to pay the current book value but that a deal could be concluded by the end of this year.
