Thyssenkrupp (TKAG GY) is considering the sale of a roughly 30% stake in its Rothe Erde bearings business, in a deal that could value the asset at ~USD 1.8bln, Bloomberg reports
Newsquawk Staff ·
Thyssenkrupp (TKAG GY) is considering the sale of a roughly 30% stake in its Rothe Erde bearings business, in a deal that could value the asset at ~USD 1.8bln, Bloomberg reports.
What it means
Thyssenkrupp is exploring the sale of a 30% stake in its Rothe Erde bearings business, potentially valuing the asset at around USD 1.8 billion. This move could signal a strategic shift for the company and may attract interest from peers in the metals and mining sector, potentially leading to further consolidation in this space and impacting related stocks and assets.
Sources
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