Seeking Alpha

Final offers for ThyssenKrupp's (TYEKF.PK) steel plants in Brazil and Alabama reportedly are...

Final offers for ThyssenKrupp's (TYEKF.PK) steel plants in Brazil and Alabama reportedly are well below expectations, as the German steel maker enters the final stretch of a long sales process. A deal could be announced as early as April, but likely will trigger a further writedown of ~$1.3B because the bids are far below the current $5B book value of the plants.
Comments (4)
  • SoldHigh
    , contributor
    Comments (1013) | Send Message
     
    Selling a new facility at the bottom of the steel market doesn't seem like a wise move imo

     

    The buyer will be getting a steal <g>
    19 Mar 2013, 06:28 PM Reply Like
  • youngman442002
    , contributor
    Comments (5131) | Send Message
     
    And I thought the economy was doing great..why sell on the upturn???
    19 Mar 2013, 07:15 PM Reply Like
  • talamonti
    , contributor
    Comments (11) | Send Message
     
    And why CSN-SID is so down with this news
    20 Mar 2013, 06:20 AM Reply Like
  • XRTrader
    , contributor
    Comments (609) | Send Message
     
    I don't follow Thyssen - but it does seem silly to sell these plants at this time, particularly in Brazil.
    25 Mar 2013, 02:04 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector