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Liberty Steel makes non-binding offer for Thyssenkrupp steel unit

FILE PHOTO: The logo of German steelmaker ThyssenKrupp AG is seen on an escalator at Frankfurt's main railways station in Frankfurt, Germany, January 23, 2020. REUTERS/Wolfgang Rattay/File Photo

FRANKFURT (Reuters) - Privately-held Liberty Steel has made a non-binding offer for the steel unit of German conglomerate Thyssenkrupp TKAG.DE, the group said on Friday.

“Liberty Steel is convinced that a combination with Thyssenkrupp Steel Europe can be the right answer from an economic, social, and environmental perspective,” the group said in a statement.

No financial details were disclosed.

Reporting by Christoph Steitz; Editing by Riham Alkousaa and Caroline Copley

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