ThyssenKrupp breaks off talks on unit sale to HG

Newswire

FRANKFURT, Feb 22 (Reuters) - ThyssenKrupp has halted exclusive talks to sell its automotive springs business to private equity group HG Capital after negotiations bogged down, the German group said on Tuesday. It said in a statement it would seek "a forward-looking alternative solution" for the business that employs 2,800 staff and has annual sales of around 350 million euros ($457.1 million).

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