FRANKFURT, Jan 23 (Reuters) - Thyssenkrupp is considering selling a minority stake in its bearings division Rothe Erde, two people familiar with the matter said on Friday. Bloomberg first reported the
Thyssenkrupp Explores Sale of Minority Stake in Bearings Division
Thyssenkrupp's Strategic Moves
FRANKFURT, Jan 23 (Reuters) - Thyssenkrupp is considering selling a minority stake in its bearings division Rothe Erde, two people familiar with the matter said on Friday.
Details of the Potential Sale
Bloomberg first reported the news, saying that Thyssenkrupp was looking to sell around 30% in Rothe Erde and that a deal could value the division, which is part of Thyssenkrupp Decarbon Technologies business area, at 1.5 billion euros ($1.8 billion).
Market Reactions and Implications
"Rothe Erde is a profitable company and an interesting asset within the Thyssenkrupp Group. As a result, we regularly receive offers for various transaction opportunities. We are keeping all options open and reviewing the respective offers," Thyssenkrupp said in a statement.
($1 = 0.8506 euros)
(Reporting by Christoph Steitz)
