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.
Thyssenkrupp declined to comment when contacted by Reuters.
(Writing by Paul Carrel; editing by Jason Neely)
(Adds shares, company declining to comment, paragraphs 3,8)
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.
Thyssenkrupp shares were up 2.2% in pre-market trade at
Lang&Schwarz after the report.
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.
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.