Apr 26, 2024 5:39 AM
Ad-hoc-statement in accordance with ARt. 17 MAR, thyssenkrupp and EP Corporate Group enter into strategic partnership
thyssenkrupp AG and the EP Corporate Group a.s. (EPCG) today agreed on EPCG's acquisition of a stake in thyssenkrupp's steel business. EPCG will acquire 20 per cent of thyssenkrupp's steel business. The closing of the transaction is planned for this financial year, subject to the approval of the relevant authorities and the Supervisory Board of thyssenkrupp AG. In addition, the parties are discussing the acquisition of a further 30 per cent of the steel business by EPCG. The aim is to form an equal 50/50 joint venture.