FRANKFURT Oct 4 German steelmaker ThyssenKrupp
is delaying by nearly three weeks the publication of
its 2012 financial results because it wants to wait for the EU
competition review on its sale of stainless steel unit Inoxum, a
Germany daily said.
ThyssenKrupp, the largest steel maker in Europe's biggest
steel producing country, will publish its annual results on Dec.
11, according to the company's website. The previous date was
Outokumpu said on Monday that instead of proposing a sale of
its Swedish melting and coil operations, it was offering to sell
a plant in Terni, Italy, to win regulatory approval of its
acquisition of Inoxum.
The EU Commission, which had been expected to make a
decision by Oct. 24 on the 2.7 billion euro ($3.51
billion)Inoxum deal, has extended its review through Nov. 16.
"Until then, no one knows what needs to be put in the
books," Financial Times Deutschland cited a company source as
saying late on Thursday.
($1 = 0.7689 euros)
(Reporting By Marilyn Gerlach. Editing by Andre Grenon)