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Finance

Salzgitter mulls takeover offer by two of its shareholders

Published by Global Banking and Finance Review

Posted on January 23, 2025

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(Reuters) - German steelmaker Salzgitter said on Thursday that it was examining a non-binding takeover offer by GP Günter Papenburg and TSR Recycling, two of its shareholders, worth around 18.50 euros ($19.25) per share.

The company said it was engaging in discussions with the two shareholders.

In November, Salzgitter said GP Günter Papenburg was considering a potential takeover.

($1 = 0.9609 euros)

(Reporting by Paolo Laudani)