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

THYSSENKRUPP (TKA)
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ThyssenKrupp In Talks With Potential Buyers For Brazil Steel Operations

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06/03/2012 | 03:43pm CET

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
Valeurs citées dans l'article
ChangeLast1st jan.
E.ON 2.95% 8.603 Delayed Quote.-7.65%
POSCO --End-of-day quote.
THYSSENKRUPP -0.83% 22.58 Delayed Quote.-5.88%
VALE SA 1.55% 33.36 End-of-day quote.0.00%
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Financials (€)
Sales 2018 42 136 M
EBIT 2018 1 976 M
Net income 2018 893 M
Debt 2018 1 930 M
Yield 2018 1,05%
P/E ratio 2018 15,91
P/E ratio 2019 12,22
EV / Sales 2018 0,38x
EV / Sales 2019 0,38x
Capitalization 14 187 M
Chart THYSSENKRUPP
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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 20
Average target price 28,7 €
Spread / Average Target 26%
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$)
THYSSENKRUPP-5.88%17 452
ARCELORMITTAL5.26%36 054
POSCO--.--%29 056
NIPPON STEEL & SUMITOMO METAL CORP-14.17%22 443
NUCOR5.14%21 253
FOSUN INTERNATIONAL LIMITED-1.04%18 946