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28 Apr
14:26

Emirates Steel confirms preliminary talks with thyssenkrupp

Abu Dhabi-based steelmaker Emirates Steel Arkan (ESA) confirms it is in preliminary talks to buy a minority stake in German conglomerate thyssenkrupp AG's steel unit, Kallanish notes. "We are aware of the media reports that have been published in the last 48 hours. However, the relevant discussions are at a very preliminary stage and no terms in respect of any potential transaction have been reached. Any material information relating to a transa…
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