The statement indicated that the choice is grounded in “notable differences in perspectives regarding the present and upcoming worth of Salzgitter.”
Salzgitter will therefore continue to be a separate entity.
It has additionally increased its cost-cutting plan to €500 million, up from €250 million.
In January, GP Guenter Papenburg and TSR Recycling made a purchase proposal valuing it at €1.1 billion (€18.5 per share).
As per the information available on Salzgitter's website, Papenburg holds the largest share with a stake of 26.7%. The authorities of the federal state of Lower Saxony hold the second largest stake in the company (26.5%).
source: dw.de
Salzgitter will therefore continue to be a separate entity.
It has additionally increased its cost-cutting plan to €500 million, up from €250 million.
In January, GP Guenter Papenburg and TSR Recycling made a purchase proposal valuing it at €1.1 billion (€18.5 per share).
As per the information available on Salzgitter's website, Papenburg holds the largest share with a stake of 26.7%. The authorities of the federal state of Lower Saxony hold the second largest stake in the company (26.5%).
source: dw.de