ThyssenKrupp in Talks with Ternium SA (TX) Over Brazilian Steel Plant - DJ

October 25, 2016 11:02 AM EDT

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ThyssenKrupp AG is in talks with Ternium SA (NYSE: TX) to sell its steel plant in Brazil, according to Dow Jones. Discussions are at an advanced stage and could be concluded by year-end, the report said.

Ternium would likely want to pay less than the plant's book value of EUR2 billion, which could be a stumbling block.

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