28
Jul
10:57
Emirates Steel ends thyssenkrupp stake talks: reports
Abu Dhabi-based steelmaker Emirates Steel Arkan (ESA) has stopped actively negotiating with thyssenkrupp to buy a stake in the German conglomerate's steel unit, according to reports.
Due to pension liabilities and other complexities of the business, ESA has walked away from a stake acquisition, Bloomberg reports.
ESA declined to comment when approached by Kallanish.
ESA had aimed to build a strategic partnership with thyssenkrupp. In April, ESA chi…
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Very good overview of the weekly steel market.
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