Saudi PIF mulls stake in Thyssenkrupp’s hydrogen unit: Report

21/04/2022 Argaam

Logo of Public Investment Fund

Saudi Arabia’s Public Investment Fund (PIF) is considering buying a stake in Thyssenkrupp AG’s hydrogen unit, Bloomberg reported, citing people familiar with the matter.

 

The fund is in the early stages of studying a potential investment in the engineering conglomerate’s Nucera business.

 

Deliberations are ongoing, and there is no guarantee PIF will proceed with an investment, the people noted.

 

A Thyssenkrupp spokesperson said the company plans to pursue an IPO of Nucera, while declining to comment on potential Saudi interest.

 

For More Mergers and Acquisitions

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Most Read