Liberty Steel makes non-binding offer for Thyssenkrupp steel unit

Credit: REUTERS/WOLFGANG RATTAY

Privately-held Liberty Steel has made a non-binding offer for the steel unit of German conglomerate Thyssenkrupp, the group said on Friday.

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FRANKFURT, Oct 16 (Reuters) - Privately-held Liberty Steel has made a non-binding offer for the steel unit of German conglomerate Thyssenkrupp TKAG.DE, the group said on Friday.

"Liberty Steel is convinced that a combination with Thyssenkrupp Steel Europe can be the right answer from an economic, social, and environmental perspective," the group said in a statement.

No financial details were disclosed.

(Reporting by Christoph Steitz Editing by Riham Alkousaa and Caroline Copley)

((christoph.steitz@thomsonreuters.com; +49 30 220 133 647; Reuters Messaging: https://twitter.com/reuters_csteitz))

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