FRANKFURT Feb 22 Thyssenkrupp expects
the sale of CSA to Ternium to lead to a net loss as it
takes a 900 million euro ($946.5 million) writedown on the
Brazilian steel mill.
Thyssenkrupp has agreed to sell CSA to Ternium for an
enterprise value of 1.5 billion euros ($1.58 billion). The deal
will result in a cash inflow with closing, expected by the end
of September, while the the writedown is taken at signing.
Thyssenkrupp previously said it expected net income for its
financial year through the end of September to clearly improve
from the year-earlier level of 296 million euros.
($1 = 0.9508 euros)
(Reporting by Maria Sheahan; Editing by Victoria Bryan)