EP Corporate Group, a.s. agreed to acquire 20% stake in steel business from thyssenkrupp AG (XTRA:TKA) on April 26, 2024. In addition, the parties are discussing the acquisition of a further 30 percent of the steel business by EPCG. The aim is to form an equal 50/50 joint venture.

The transaction is expected to close in the current fiscal year of thyssenkrupp AG, subject to the approval of the relevant authorities and the Supervisory Board of thyssenkrupp AG.