Arkan Building Materials Company (ARKAN) PJSC (ADX:EMSTEEL) may submit a formal offer to acquire a stake in the steel unit of German industrial group, Bloomberg reported on April 26, 2023, citing unnamed sources. Reportedly, Emirates Steel Arkan is discussing the option to buy a minority stake as part of a collaboration. Under the potential partnership, the Abu Dhabi-based company would make energy-intensive products in the United Arab Emirates, after which Thyssenkrupp would give them the final touch in Germany, turning them into finished products for the automotive industry.