Flacks Group ready to bid for Thyssenkrupp steel division
Flacks Group is ready to bid for Thyssenkrupp's steel unit if current sale efforts fail. Shares in the German firm rose 1.5% following the CEO's comments today.
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The United States-based investment fund Flacks Group has expressed interest in acquiring the steel division of Germany-based industrial giant thyssenkrupp AG. The potential bid is positioned as a secondary option should the company's current efforts to divest the unit prove unsuccessful.
