Thyssenkrupp Steel Europe's Ownership Shifts: EP Group Exits, TFG Eyes 30% Stake
Thyssenkrupp Steel Europe's (TKSE) ownership landscape has seen significant shifts. EP Group, which initially acquired a 20% stake in late July 2024, has now exited its investment. Meanwhile, TFG (Technology and Finance Group) has emerged as a potential major investor, eyeing a 30% stake.
EP Group's journey with TKSE began in late July 2024 when it purchased a 20% stake. However, talks over EP Group increasing its stake to 50% dragged on, with Thyssenkrupp initially focusing on discussions with Jindal Steel. Recently, EP Group agreed to return its 20% stake, receiving a refund of the purchase price paid to Thyssenkrupp.
Now, TFG has stepped into the limelight, expressing its intention to acquire a 30% stake in TKSE. This potential acquisition comes after EP Group's exit and could significantly reshape TKSE's ownership structure.
EP Group's departure from TKSE, after initially planning to increase its stake, has paved the way for TFG's potential 30% acquisition. This development underscores the dynamic nature of TKSE's ownership landscape, with significant shifts occurring in a relatively short period.
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