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FLSmidth’s acquisition of Thyssenkrupp mining unit to exclude India ops

FLSmidth's acquisition of Thyssenkrupp mining unit to exclude India ops

Photo courtesy of thyssenkrupp Industrial Solutions AG.

The acquisition of Thyssenkrupp’s mining activities by Denmark’s FLSmidth , a deal announced in July, will not include Thyssenkrupp’s operation in India, FLSmidth said on Monday.

The value of the deal would be reduced by 45 million euros ($53.42 million) to 280 million euros in total, but the exclusion of the activities in India would not impact expected synergies or integration costs, the company said.

($1 = 0.8425 euros)

(By Nikolaj Skydsgaard; Editing by Louise Heavens)

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