Thyssenkrupp to sell Infrastructure unit to investor FMC Beteiligungs

German industrial group Thyssenkrupp has agreed the sale of its Infrastructure business to compatriot company FMC Beteiligungs KG, an entrepreneur-led investment firm, Thyssenkrupp said on Thursday August 5.

The deal was expected to be closed later this year but will be subject to approval from merger control authorities as well as Thyssenkrupp's own supervisory board. The financial details of the transaction were not disclosed.
"The high purchase interest underlines Infrastructure's leading product and service portfolio as well as the capabilities and expertise of its employees," the chief executive officer of Thyssenkrupp Multi Tracks, Volkmar Dinstuhl, said.

Thyssenkrupp Infrastructure employs around 480 people, working in the...

Immediate trigger for crash was new Fed Chairman pick

Gold stocks slump on metal price decline

Is the gold market starting to turn 'irrationally exuberant'?

Gold stocks explode up as equity markets languish

Gold stocks outpace flat large caps