POSCO intends to buy ThyssenKrupp Steel Americas

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Publish time: 8th October, 2012      Source: ChinaCCM
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Reportedly, South Korean steel giant Posco has submitted a letter of intent for the purchase of ThyssenKrupp Steel Americas.

It is said that Posco has hired Credit Suisse as an advisor for the action and may also form an alliance to buy ThyssenKrupp's assets.

A spokesman from Posco refused to make comment of the report but said the company is now investigating ThyssenKrupp's assets.