CVC would make investment commitments and assume pension
liabilities worth billions.
Thyssenkrupp is also hoping for an offer from Brazil's CSN,
the newspaper added. The project is still in its early stages,
however, and an audit has not yet taken place.
There was no comment immediately available from Thyssenkrupp
when contacted by Reuters.
(Writing by Paul Carrel; editing by Jason Neely)
BERLIN, March 21 (Reuters) - Thyssenkrupp's supervisory board is at odds over the right strategy for its
steel business, business daily Handelsblatt reported on Tuesday,
citing company sources.
CEO Martina Merz wants to present plans for the group to
separate its steel division at a special supervisory board
meeting on March 31, but some on the management team and trade
union IG Metall want to keep it and declare the unit the group's
core business, Handelsblatt said.
Merz, with the help of mandated investment bank Goldman
Sachs, has attracted the interest of the financial investor CVC
Capital Partners, Handelsblatt added.
CVC Capital Partners wants to offer just one euro for the
steel division, several people familiar with the transaction
told the paper.
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