In a statement to the Frankfurt Stock Exchange, Salzgitter announced plans to sell its stake in HKM. The company stated that it does not intend to fully acquire or operate the facility.
Thyssenkrupp Steel, the largest shareholder in Hüttenwerke Krupp-Mannesmann, is also looking to divest its shares as part of a restructuring. While the company is in talks with an unnamed investment firm, Thyssenkrupp CEO Miguel Lopez stated, "Our priority is to sell our stake in HKM and protect employment."
According to information that emerged in March, Thyssenkrupp Steel and Salzgitter have begun discussions with their French partner Vallourec regarding a share transfer. Currently, Thyssenkrupp Steel holds 50%, Salzgitter 30%, and Vallourec 20% of the shares.
The sale of HKM is seen as an indicator of structural change in the German steel sector; economic challenges and sustainability pressure are driving companies towards restructuring.
If the sale plans do not materialize, partners are reportedly working on alternative solutions. The future of HKM is critical for employment and economic activity in the region.
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