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News Exclusion of Indian mining activities reduces cost of FLSmidth’s acquisition of ThyssenKrupp Mining to Euro280m

Exclusion of Indian mining activities reduces cost of FLSmidth’s acquisition of ThyssenKrupp Mining to Euro280m

Written by Global Cement staff 06 September 2021
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India: Denmark-based FLSmidth has agreed with Germany-based ThyssenKrupp to exclude the latter’s mining activities in India from the final deal in its acquisition of ThyssenKrupp Mining. This reduces the total cost of the transaction by 14% to Euro280m from Euro325m. FLSmidth said that the exclusion of the Indian business will not affect the transfer of its key intellectual property and technologies to the supplier as part of the overall transaction.

Last modified on 08 September 2021
Published in Global Cement News
Tagged under
  • India
  • Denmark
  • Germany
  • FLSmidth
  • ThyssenKrupp
  • Mining
  • Acquisition
  • GCW522

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