Salzgitter poised for steel acquisition in Europe
Bloomberg today reports that Salzgitter is now on the acquisition path. As industry consolidation continues, so the German steelmaker is expected to announce a steel sector takeover that according to Bloomberg will be medium-sized.
Salzgitter, which is Germany's second largest steelmaker, is expected to announce the acquisition within the coming months.
For original Bloomberg report, see http://www.bloomberg.com/apps/news?pid=20601100&sid=atWtSOi3Xkco.
Although the Bloomberg report itself offers no further clues as to the potential target, the prediction from the www.steelonthenet.com team is that the target will either be the steelmaking assets of ThyssenKrupp, or the long product business of Voestalpine.
blogger@steelonthenet.com
Salzgitter, which is Germany's second largest steelmaker, is expected to announce the acquisition within the coming months.
For original Bloomberg report, see http://www.bloomberg.com/apps/news?pid=20601100&sid=atWtSOi3Xkco.
Although the Bloomberg report itself offers no further clues as to the potential target, the prediction from the www.steelonthenet.com team is that the target will either be the steelmaking assets of ThyssenKrupp, or the long product business of Voestalpine.
blogger@steelonthenet.com
posted by sotn @ 8:28 PM permalink
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