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ThyssenKrupp Has Possible Buyers For Alabama, Brazil Operations - Report

FRANKFURT -(Dow Jones)- ThyssenKrupp AG (TKA.XE) has potential buyers for its steel plants in Alabama in the U.S., and Brazil, the weekly wirthschaftswoche reports in an article published Sunday. The Brazilian mining company Vale SA (VALE) is interested in the assets, the article says, citing Brazilian industry sources. The head of the Vale group, Murilo Ferreira, met last week with Brazilian President Dilma Rousseff to discuss details of a full takeover of ThyssenKrupp's steel plant as well as the progress of negotiations with ThyssenKrupp, the article says. Vale already owns a 27% stake in ThyssenKrupp's steel plant, which is near Rio de Janeiro. Another interested investor is Eike Batista, the article adds. Earlier this year, Batista formed a venture with German utility E.ON AG (EOAN.XE) to build power plants in Brazil. POSCO (PKX) is interested in acquiring ThyssenKrupp's Alabama steel plant, the article says, without elaborating. A ThyssenKrupp spokesman wasn't immediately available to comment to Dow Jones Newswires. In mid-May, the steelmaker said it was considering selling new steel mills in the U.S. and Brazil, or bringing in partners to improve performance sustainably. At the time, ThyssenKrupp Chief Executive Heinrich Hiesinger declined to provide a timeframe for selling the Steel Americas business, citing the complexity of such a transaction. But he said ThyssenKrupp had to act on the operations in Brazil and the U.S., after they had accumulated losses of around EUR500 million in the first six months of the company's business year. In fiscal 2011, the losses had amounted to around EUR1 billion. Magazine website: http://www.wiwo.de -Frankfurt Bureau, Dow Jones Newswires; 49-69-29725-500

Stock News for Companhia Vale Do Rio Doce (VALE)
DateTimeHeadline
09/02/201507:45:17Report of Foreign Issuer (6-k)
09/01/201514:13:12Report of Foreign Issuer (6-k)
08/24/201517:37:00ADRs End Lower; Chinese, Commodities Firms Decline
08/24/201504:20:00Turbo Power Systems to Get New Parent; Strategic Review Continues
08/14/201513:02:52Report of Foreign Issuer (6-k)
08/13/201510:50:37Vale to Investigate Nitrous Oxide Leak at Northern Ontario Nickel...
08/11/201517:50:53ADRs End Lower; Miners, Steelmakers Among Decliners
08/06/201506:04:45Report of Foreign Issuer (6-k)
08/05/201516:30:55Report of Foreign Issuer (6-k)
07/30/201510:11:19Brazil's Vale Posts $1.68 Billion Profit--3rd Update
07/30/201510:09:35Report of Foreign Issuer (6-k)
07/30/201510:09:09Report of Foreign Issuer (6-k)
07/30/201509:43:36Brazil's Vale Sells Minority Stake In MBR For BRL4 Billion
07/30/201508:33:59Brazil's Vale Posts $1.68 Billion Profit--2nd Update
07/30/201508:07:09Report of Foreign Issuer (6-k)
07/30/201507:38:05Brazil's Vale Posts $1.68 Billion Profit--Update
07/30/201506:59:15Report of Foreign Issuer (6-k)
07/30/201506:09:27Report of Foreign Issuer (6-k)
07/30/201506:09:26Report of Foreign Issuer (6-k)
07/30/201506:09:06Brazil's Vale 2Q Net Profit Up 17.3% to $1.68 Billion

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