EY advised thyssenkrupp Steel Europe AG on the sale of its 49% stake in thyssenkrupp Steel Logistics GmbH to duisport Gruppe

thyssenkrupp Steel Europe AG, a manufacturer and supplier of steel composite materials, agreed to divest 49% of its stake in Thyssenkrupp Steel Logistics GmbH to duisport Gruppe to establish a joint venture. The joint venture is expected to commence joint operations in the first half of 2024.

thyssenkrupp Steel Logistics GmbH, with around 300 employees, has an extensive port complex that includes the Schwelgern and Walsum works ports as well as connected units. Currently, the handling volume is around 25 million tons per year.

duisport Gruppe, also based in Duisburg, Germany, is the owner and operator of the port of Duisburg. duisport Gruppe acts as a global full-service provider for comprehensive logistics solutions.

The formation of the joint venture aims to pool the resources of both parties, professionalize processes, utilize existing capacities to third-party customers and jointly drive the transformation at the largest steel site in Europe.

The joint venture is subject to the approval of the relevant merger control authorities and supervisory bodies.

EY provided comprehensive M&A sell-side advisory services to thyssenkrupp Steel Europe AG throughout this transaction.

EY’s M&A sell-side advisory team comprised of Axel Kirch (Partner & Project Lead), Katarina Kasner (Director & Project Lead), Edgar Schneider (Manager), Luca Skroblyn (Manager), and Marie Helen Hamann (Consultant).

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