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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