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Liberty Bid Puts Negative Value on Thyssenkrupp Steel Arm

Liberty Bid Puts Negative Value on Thyssenkrupp Steel Arm Bloomberg 2/1/2021 Eyk Henning and William Wilkes © Bloomberg Coils of steel sit in storage on the cold rolling line ahead of milling at the Thyssenkrupp Rasselstein GmbH steel packaging factory in Andernach, Germany, on Thursday, Aug. 9, 2018. Thyssenkrupp AG, which employs 60,000 people in Germany, is one of the world s largest steel producers. (Bloomberg) Liberty Steel Group’s offer for Thyssenkrupp AG’s steel unit gave it a negative equity value of at least 1.5 billion euros ($1.8 billion), increasing the chances that the ailing German conglomerate will decide to keep the metal business, according to people familiar with the matter.