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ThyssenKrupp cuts Steel Americas value to 3.4 bln euros
May 15, 2013 / 5:46 AM / 4 years ago

ThyssenKrupp cuts Steel Americas value to 3.4 bln euros

FRANKFURT, May 15 (Reuters) - German steelmaker ThyssenKrupp has written down the book value of its Steel Americas business, which it has been trying to sell, to 3.4 billion euros ($4.4 billion) from 3.9 billion, it said in a presentation published on Wednesday.

The company earlier reported an unexpected quarterly loss due to the writedown.

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