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.
Exclusion of Indian mining activities reduces cost of FLSmidth’s acquisition of ThyssenKrupp Mining to Euro280m
Written by Global Cement staff
Published in
Global Cement News
Tagged under
Register for the Global Cement Weekly email newsletter
Global Cement Weekly is Global Cement’s weekly email newsletter. Keep up to date with cement industry news, analysis, diary dates and news of people in the sector.
URL: https://www.globalcement.com/news/item/12947-exclusion-of-indian-mining-activities-reduces-cost-of-flsmidth-s-acquisition-of-thyssenkrupp-mining-to-euro280m
© 2024 Pro Global Media Ltd. All rights reserved.