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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
07/31/201415:49:46Brazil's Vale: Iron-Ore Price Floor Still $110/Ton Long-Term
07/29/201417:41:02Brazil Stocks Close Lower; Real Weakens Against Dollar
07/28/201418:10:48Brazilian Stocks Close Lower; Real Stronger Against Dollar
07/24/201410:20:21Brazil's Vale Posts Record 2Q Iron-Ore Output
07/24/201409:57:32Brazil's Vale Posts Record 2nd-Quarter Iron-Ore Output
07/17/201413:06:40Brazil's Vale Signs $2.5 Billion Financing Agreement With Bank...
07/17/201408:24:55Zambia Jan-May Copper Output Up 18% on Year on Expansions
06/04/201417:31:41Brazil's Suzano to Buy Forest Assets for BRL529 Million
06/03/201422:30:15Iluka Agrees Titanium Venture With Vale in Brazil
05/16/201416:55:55ADR Shares End Higher; Total, Baidu Shares Active
05/16/201414:30:14Rio Tinto Assures Guinea on Iron-Area Project
05/12/201404:37:37Obtala Gets Further Order for Timber Railway Sleepers from Vale
05/08/201418:23:44Brazil's Vale Unsure When New Caledonia Nickel Output To Resume
05/08/201407:07:03Emerging-Market Currencies Higher--Update
05/08/201406:50:16Nickel Hits 2-Year High on Supply Fears
05/05/201414:50:38Eike Batista Returns to Brazil's Ibovespa Index
05/05/201414:38:19Eike Batista's MMX Mineracao e Metalicos Joins Ibovespa Index
04/30/201418:34:46Vale Earnings Fall on Sliding Iron-Ore Prices -- 2nd Update
04/30/201411:49:46Vale Earnings Fall on Sliding Iron-Ore Prices -- Update
04/25/201408:40:10Brazil Court Rules in Favor of Vale

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