Steel-maker Salzgitter ends takeover talks with consortium
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 11 2025
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Source: Reuters
Salzgitter's Takeover Talks: German steel producer Salzgitter has ended discussions with a bidding consortium, which included its second-largest shareholder, over a potential takeover due to differing views on the company's valuation.
Cost-Cutting and Future Outlook: Salzgitter has raised its cost-cutting goal to 500 million euros and achieved 130 million euros by the end of 2024, while predicting an increase in steel demand influenced by the new German government's economic policies.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
