Supervisory Board of thyssenkrupp AG approves participation of energy company EP Corporate Group in thyssenkrupps steel business

At its meeting today, the Supervisory Board of thyssenkrupp AG approved the participation of the energy company EP Corporate Group (EPCG) in thyssenkrupp's steel business. The decision was reached with the second vote of the Chairman of the Supervisory Board against the votes of the employee representatives. EPCG is to acquire 20 percent of thyssenkrupp's steel business. The Executive Board of thyssenkrupp AG had reached an agreement in principle with EPCG at the end of April. The entry of the EPCG combines the leading materials capabilities of thyssenkrupp Steel Europe with the energy expertise of EPCG. The transaction is expected to be completed in the current fiscal year, subject to possible regulatory approvals.

The strategic partnership with EPCG is a major step that contributes to a resilient, cost-efficient, and climate-friendly steel production at thyssenkrupp Steel Europe – and thus also a significant contribution to safeguarding the future of the steel industry in Germany.

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