By Christopher Alessi

COLOGNE, Germany--German industrial major Thyssenkrupp AG (TKA.XE) said early Wednesday it had agreed sell its Brazilian steel plant to Ternium SA (TX) in a deal valued at EUR1.5 billion.

The transaction, set to close by the end of September, would be Thyssenkrupp's final disposal of its beleaguered steel assets in the Americas.

The Wall Street Journal in October reported that Thyssenkrupp was in talks with Luxembourg-based Ternium about a potential deal.

Write to Christopher Alessi at christopher.alessi@wsj.com

(END) Dow Jones Newswires

February 22, 2017 00:16 ET (05:16 GMT)

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