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22.02.2017 - 00:20

DGAP-Adhoc: thyssenkrupp AG: Further milestone reached on Strategic Way Forward: thyssenkrupp sells Brazilian steel mill CSA to Ternium



DGAP-Ad-hoc: thyssenkrupp AG / Key word(s): Disposal/Investment


thyssenkrupp AG: Further milestone reached on Strategic Way Forward: thyssenkrupp sells Brazilian steel mill CSA to Ternium


22-Feb-2017 / 00:20 CET/CEST


Disclosure of an inside information acc. to Article 17 MAR, transmitted by DGAP - a service of EQS Group AG.


The issuer is solely responsible for the content of this announcement.



Essen, February 21, 2017

Disclosure of an inside information according to Article 17 MAR


Further milestone reached on Strategic Way Forward:
thyssenkrupp sells Brazilian steel mill CSA to Ternium

The industrial and technology group thyssenkrupp has taken another big step
on its Strategic Way Forward. The company has reached agreement with
Ternium on the sale of the CSA Siderúrgica do Atlântico (CSA) steel
plant in Brazil. The purchase price (enterprise value) is EUR1.5 billion.

With the closing of the transaction thyssenkrupp will receive a clear cash
inflow which will significantly reduce the Group's net financial debt.
Although a writedown of around EUR0.9 billion on CSA will be necessary with
the signing, the Group's gearing, i.e. the ratio of net financial debt to
equity, will improve on completion of the transaction. The sale is subject
to the approval of the competition authorities. The two parties aim to
close the transaction by September 30, 2017.

The sale of CSA will take economic effect retrospectively at September 30,
2016. Until the closing of the transaction thyssenkrupp's Steel Americas
business area will be reported as a discontinued operation.

The sale will have corresponding effects on the Group's net income. Beyond
this thyssenkrupp does not expect the transaction to have any impact on the
adjusted EBIT and free cash flow before M&A targets of its continuing
operations for the current fiscal year 2016/2017.


Contact:

Dr. Claus Ehrenbeck

Head of Investor Relations

T: +49-201-844-536464

Alexander Wilke

Head of Communications

T: +49-201-844-536043









22-Feb-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de




























Language: English
Company: thyssenkrupp AG

thyssenkrupp Allee 1

45143 Essen

Germany
Phone: +49 (0)201 844-0
Fax: +49 (0)201 844-536000
E-mail: info@thyssenkrupp.com
Internet: www.thyssenkrupp.com
ISIN: DE0007500001
WKN: 750000
Indices: DAX
Listed: Regulated Market in Dusseldorf, Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange


Weitere Informationen im Internet unter Investor Relations: Anleihen / Creditor Relations
Further information can be found on our website under Investor Relations: Bonds / Creditor Relations



 
End of Announcement DGAP News Service



546183  22-Feb-2017 CET/CEST






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