German conglomerate Thyssenkrupp opens books in sale of plant-building unit

Thyssenkrupp has begun due diligence with potential bidders for its plant division as the German conglomerate accelerates a radical overhaul to sell or turn around ailing business units in the next two years, a top executive told Reuters.
 

In his first interview, Volkmar Dinstuhl, who oversees the divestment of non-core assets, said the company has opened the books to buyers of its plant-building units and received expressions of interest for its stainless steel division.
 

Thyssenkrupp is also open to considering offers for its automotive and remaining industrial assets, said Dinstuhl, who heads up the group's Multi-Tracks division, which houses businesses