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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
04/15/201417:02:39ADR Shares End Lower; Infosys, Diageo Shares Active
04/15/201413:06:06Brazil's Vale Secures Loan Package From BNDES -- Update
04/15/201410:02:19Brazil's Vale Secures BRL6.2 Billion Loan Package From BNDES
04/11/201409:43:44Brazil's CVM Authorizes IADB to Issue Debt in Local Markets
04/09/201408:44:34BSG Resources, Vale Face Loss of Guinea Licenses -- Update
04/08/201413:20:03Veolia Seeks More Revenue from Mining Industry's Water, Waste...
04/02/201418:27:45Vale Suspends Transporting Coal From Mozambique Mines -- Update
04/02/201416:55:18ADR Shares End Higher; Noah Education Shares Active
04/02/201415:58:33Vale Suspends Coal Shipments From Mozambique Mines
03/19/201412:23:43Vale Says Stock Price Pressured by China Worries
03/11/201417:21:55ADR Shares End Lower; Vale, Barclays Shares Active
03/11/201413:41:59Brazil's Petrobras Reveals BRL8.77 Billion in Tax Disputes
03/04/201417:13:52Glencore Xstrata Posts Large Loss -- 2nd Update
02/27/201414:51:43Brazil's Vale Doesn't Foresee New Debt Issuance This Year
02/27/201413:04:26Brazil's Vale Develops Green Iron Ore To Reduce China Emissions
02/27/201412:33:45Brazil's Vale Sees Ebitda In Base-Metals Division Surging
02/27/201407:21:49Falling Iron-Ore Prices Pinch Producers -- Update
02/26/201421:58:20Vale Posts Smallest Annual Profit Since Privatization -- Update
02/26/201420:30:25Brazil's Vale Posts Its Biggest Loss
02/26/201419:46:50Brazil's Vale Sees Chinese Economic Growth Gradually Slowing...

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