Thyssenkrupp's Sale of HKM Steel Plant Falls Through

The failed negotiations with CE Capital Partners leave 3,000 jobs in jeopardy as Thyssenkrupp explores other options.

Thyssenkrupp announced that CE Capital Partners has withdrawn from talks to acquire the Hüttenwerke Krupp Mannesmann (HKM) steel plant in Duisburg, Germany.
The failure of the sale raises concerns about the future of the plant, which employs 3,000 workers, with potential closure looming if no new buyer is found.
The negotiations reportedly broke down over financial disagreements, with CE Capital Partners unable to present a viable funding plan for the acquisition.
Thyssenkrupp remains open to discussions with other potential investors and will consult with HKM's co-owners, Salzgitter and Vallourec, to assess the situation.
Labor union IG Metall expressed disappointment but remains hopeful that a new investor can be secured, advocating for a modernization plan involving climate-friendly technology.