Deals
Thyssenkrupp Explores Selling 30% in Rothe Erde Unit
An employee stamps a glowing blank at the ThyssenKrupp Rothe Erde plant in Dortmund, Germany.
Photographer: Marcel Kusch/picture alliance/Getty ImagesThyssenkrupp AG is considering the sale of a roughly 30% stake in its Rothe Erde bearings business, people familiar with the matter said, in a deal that could value the asset at about €1.5 billion ($1.8 billion).
The German industrial heavyweight is working with an adviser to guage buyer interest, according to the people, who asked not to be identified discussing confidential information.