Liberty Steel makes non-binding offer for Thyssenkrupp steel unit

Reuters

Published Oct 16, 2020 09:45

FRANKFURT (Reuters) - Privately-held Liberty Steel has made a non-binding offer for the steel unit of German conglomerate Thyssenkrupp (DE:TKAG), the group said on Friday.

"Liberty Steel is convinced that a combination with Thyssenkrupp Steel Europe can be the right answer from an economic, social, and environmental perspective," the group said in a statement.