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Capital market-relevant press releases, 2004-09-30, 02:00 AM

Further step in portfolio streamlining at ThyssenKrupp Steel: Best-owner solution for Krupp Edelstahlprofile

No longer a core business of ThyssenKrupp Steel AG, Krupp Edelstahlprofile GmbH (KEP) of Siegen is being sold to Schmolz + Bickenbach GmbH of Düsseldorf. The contracts were signed yesterday. This best-owner solution will give the company and its employees a new business perspective which ThyssenKrupp Steel with its clear focus on carbon and stainless flat steel could no longer guarantee. Krupp Edelstahlprofile, which has around 1,300 employees and sales of 370 million euros, will trade under the name KEP Edelstahlprofile GmbH in the future. The transaction is to be completed by the end of October. The parties have agreed not to disclose the purchase price.


ThyssenKrupp Steel
Erwin Schneider
Tel.: +49 203 52 - 2 56 90
Fax: +49 203 52 - 2 57 07

Dietmar Stamm
Tel.: +49 203 52 - 2 62 67
Fax: +49 203 52 - 2 57 07

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