ThyssenKrupp AG Forms Strategic Partnership with EP Corporate Group

ThyssenKrupp AG has entered into a strategic partnership with EP Corporate Group a.s. (EPCG), marking a significant development in its steel business. Under the terms of the agreement, EPCG will acquire a 20% stake in ThyssenKrupp's steel operations. The companies have also started discussions on EPCG potentially acquiring an additional 30% share, aiming for a balanced joint venture with each holding a 50% stake. The conclusion of this transaction is anticipated within this financial year, pending approval from relevant regulatory authorities and the Supervisory Board of ThyssenKrupp AG.