ThyssenKrupp (TYEKF.PK) agrees to sell its stainless-steel business to Finland's Outokumpu...

|About: ThyssenKrupp AG (TYEKF)|By:, SA News Editor

ThyssenKrupp (TYEKF.PK) agrees to sell its stainless-steel business to Finland's Outokumpu (OUTKF.PK) in a deal that values the ops at €2.7B ($3.55B). The transaction will create the world's largest stainless-steel company, with over 19,000 employees and more than €10B in annual revenue.