Czech billionaire to bid for thyssenkrupp Steel: reports

A new candidate has emerged from the mist of rumours surrounding the potential acquisition of thyssenkrupp’s Steel division as it spins off from its parent group.

Czech billionaire Daniel Kretinsky is rumoured to be interested in acquiring a stake in the steelmaker, Der Spiegel reported. Previously, Abu Dhabi-based steelmaker Emirates Steel Arkan (ESA) was reported as a potential buyer, with a formal bid expected in months (see Kallanish 27 April).

Other parties that have expressed interest in the unit are reported to include Brazil’s CSN and financial investor CVC.

Thyssenkrupp continues to decline commenting on talks or bids in this process.

Christian Koehl Germany