ThyssenKrupp's nickel alloy unit attracts PE investors
ThyssenKrupp VDM, manufacturer and supplier of nickel alloys and precision engineering products, is drawing the interest of private equity bidders.
The news follows ThyssenKrupp's decision to sell its Stainless Global business unit, which includes VDM and brings together the company's activities in the areas of stainless steel flat products and high-performance materials.
The group is considering a number of different sale options, including an IPO. Citigroup, Deutsche Bank and Rothschild, have been appointed to handle the sale.
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