Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Xetra  >  ThyssenKrupp    TKA   DE0007500001

THYSSENKRUPP (TKA)
Mes dernières consult.
Most popular
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

ThyssenKrupp In Talks With Potential Buyers For Brazil Steel Operations

share with twitter share with LinkedIn share with facebook
share via e-mail
0
06/03/2012 | 03:43pm CEST

A ThyssenKrupp AG (>> ThyssenKrupp AG) spokesman Sunday confirmed the company is in talks with potential investors for its steel plant in Brazil.

"We are certainly in talks with Vale and with all other interested parties," the spokesman said.

He was responding to a report in the weekly wirthschaftswoche published Sunday that said the company has potential buyers for both its Brazil and Alabama steel plants.

The Brazilian mining company Vale SA (VALE) is interested in the assets, the article said, citing Brazilian industry sources.

The head of the Vale group, Murilo Ferreira, met last week with Brazilin President Dilma Rousseff to discuss details of a full takeover of ThyssenKrupp's steel plant as well as the progress on negotiations with ThyssenKrupp, according to the report. Vale already owns a 27% stake in ThyssenKrupp's steel plant, which is near Rio de Janeiro.

Another interested investor is Eike Batista, the article said. Earlier this year, Batista formed a venture with German utility E.ON AG (>> E.ON AG) to build power plants in Brazil.

POSCO (PKX) is interested in acquiring ThyssenKrupp's Alabama steel plant, the article said, without elaborating.

In mid-May, the steelmaker said it was considering selling new steel mills in the U.S. and Brazil, or bringing in partners to improve performance sustainably.

At the time, ThyssenKrupp Chief Executive Heinrich Hiesinger declined to provide a timeframe for selling the Steel Americas business, citing the complexity of such a transaction. But he said ThyssenKrupp had to act on the operations in Brazil and the U.S., after they had accumulated losses of around EUR500 million in the first six months of the company's business year. In fiscal 2011, the losses had amounted to around EUR1 billion.

Magazine website: http://www.wiwo.de

-Frankfurt Bureau, Dow Jones Newswires; 49-69-29725-500.

Stocks mentioned in the article : ThyssenKrupp AG, E.ON AG
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on THYSSENKRUPP
10/19 THYSSENKRUPP : Patent Issued for Linear Synchronous Motor (USPTO 9787168)
10/17 TATA STEEL : Thyssenkrupp plans
10/16 Tata Steel, Thyssenkrupp will not spin off joint venture in next 2-3 years
10/16 THYSSENKRUPP : MP probes steel pensions deal
10/12 THYSSENKRUPP : Patent Issued for Process and Apparatus for Preparation of Nitric..
10/10 DAIMLER : German union pushes for 6 percent pay hike, flexible hours
10/06 Thyssenkrupp trumpets uplifting demand for next-generation elevators
10/05 THYSSENKRUPP : Patent Issued for Method and Forming Tool for Hot Forming and Pre..
10/04 Thyssenkrupp's home state confident deal can be reached over Tata Steel
10/04 TATA STEEL : Thyssenkrupp creates new business unit for forging activities
More news
News from SeekingAlpha
09/29 Steel stocks still not pricing in China supply fundamentals, Jefferies says
09/22 Tata And ThyssenKrupp Finally Wed
09/21 ThyssenKrupp AG (TKAMY) On Joint Venture with Tata Steel Europe
09/20 WALL STREET BREAKFAST : It's All About The Fed
09/20 Thyssenkrupp, Tata Steel in major deal
Financials (€)
Sales 2017 41 440 M
EBIT 2017 1 665 M
Net income 2017 -170 M
Debt 2017 3 469 M
Yield 2017 0,86%
P/E ratio 2017 -
P/E ratio 2018 14,03
EV / Sales 2017 0,44x
EV / Sales 2018 0,43x
Capitalization 14 670 M
Chart THYSSENKRUPP
Duration : Period :
ThyssenKrupp Technical Analysis Chart | TKA | DE0007500001 | 4-Traders
Technical analysis trends THYSSENKRUPP
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 23
Average target price 28,4 €
Spread / Average Target 20%
EPS Revisions
Managers
NameTitle
Heinrich Hiesinger Chief Executive Officer
Ulrich Lehner Chairman-Supervisory Board
Guido Kerkhoff Chief Financial Officer
Martin Holz Chief Information Officer
Bernhard Pellens Independent Member-Supervisory Board
Sector and Competitors
1st jan.Capitalization (M$)
THYSSENKRUPP4.09%17 306
ARCELORMITTAL16.09%29 380
POSCO--.--%25 867
NIPPON STEEL & SUMITOMO METAL CORP2.68%22 098
FOSUN INTERNATIONAL LIMITED64.05%20 560
NUCOR CORPORATION-3.76%18 297