Bloomberg News

ThyssenKrupp’s Brazil Plant May Attract Posco, Handelsblatt Says

May 16, 2012

ThyssenKrupp AG (TKA)’s steel plant in Brazil may be of interest to South Korea’s Posco (005490) or Vale SA (VALE3), which already owns 27 percent of it, Handelsblatt reported, citing an interview with Heinrich Hiesinger, ThyssenKrupp’s chief executive officer.

Posco wants to expand in Brazil, the newspaper said.

ThyssenKrupp said yesterday that a sale of U.S. and Brazilian plants is among “strategic options” for its unprofitable Americas unit.

To contact the reporter on this story: Sheenagh Matthews in Frankfurt at smatthews6@bloomberg.net

To contact the editor responsible for this story: Benedikt Kammel at bkammel@bloomberg.net


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