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German engineering company Thyssenkrupp is considering a spin-off of its struggling steel business, as per sources familiar with the matter. British tycoon Sanjeev Gupta’s Liberty Steel is considered to be the frontrunner, as Thyssenkrupp is currently in the process of reviewing Liberty’s non-binding offer made in October last year. The FT reported that potential mergers with Sweden’s SSAB and German rival Salzgitter are also being considered, although there has been no official announcement…

German engineering company Thyssenkrupp is considering a spin-off of its struggling steel business, as per sources familiar with the matter. British tycoon Sanjeev Gupta’s Liberty Steel is considered to be the frontrunner, as Thyssenkrupp is currently in the process of reviewing Liberty’s non-binding offer made in October last year. The FT reported that potential mergers with Sweden’s SSAB and German rival Salzgitter are also being considered, although there has been no official announcement…

Germany

ThyssenKrupp AG manufactures industrial components.  The Company produces flat rolled and cast steel, automobile parts, elevators and escalators, machine tools, bearings, nonferrous metals and plastics, develops and manages real estate, and designs and constructs factories.