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TO Double D

02/28/20 3:05 PM

#59097 RE: Ehv #59095

Thyssenkrupp s not selling their steel manufacturing. The elevator division will not effect the offtake agreement.
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jeunke22

02/28/20 3:22 PM

#59099 RE: Ehv #59095

No, the idea is that Thyssen Krupp focuses on its core steel business. The merger with Tata steel was not approved by the EU regulators, hence the sale of its elevator business. Plenty of cash now, niobium off take is secured by an enforceable agreement. Remember Thyssen wanted more than the 50% niobium from Niocorp which they have today.