thyssenkrupp successfully completed the acquisition of the energy company EP Corporate Group (EPCG) in thyssenkrupp’s steel business. The transaction had previously been approved by both the Supervisory Board of thyssenkrupp AG and all relevant authorities. With the now completed closing, EPCG acquires a 20 percent stake in thyssenkrupp’s steel business in accordance with the agreement. This marks a further important step forward in the process of transforming thyssenkrupp Steel Europe towards a full entrepreneurial independence.
The parties are already discussing the acquisition of a further 30 percent stake in thyssenkrupp’s steel business by EPCG. The aim is to form an equal 50/50 joint venture.
Courtesy of thyssenkrupp.