thyssenkrupp to acquire Vale's minority interest in thyssenkrupp CSA

thyssenkrupp is streamlining the ownership structure of the Brazilian steel mill thyssenkrupp CSA (CSA) and purchasing all the shares currently held by Vale S.A. (26.87%). thyssenkrupp will thus become the sole owner of CSA. In connection with the acquisition, existing shareholder agreements and other operating contracts between Vale and CSA will be renegotiated or cancelled. The completion of this transaction is subject to approval by the thyssenkrupp supervisory board and subject to fulfillment of conditions precedent and approvals.

Lenz & Staehelin acts as Swiss counsel to thyssenkrupp. The team comprises partner Tino Gaberthüel and associate Severin Christen.