India, April 12 -- Salzgitter AG (SZGPF.PK,SZGPY.PK), a German steel manufacturer, announced its decision to terminate discussions with the consortium comprising GP Gunter Papenburg AG and TSR Recycling GmbH & Co. KG concerning a potential takeover offer. This decision stems from substantial disagreements regarding the present and future valuation of Salzgitter AG.
The company is implementing a series of strategic measures to enhance its cost-efficiency initiatives. The company's "Performance 2026" program has been upgraded, with the successor program "P28" now aiming for savings of 500 million euros -doubling the previous target of 250 million euros. By the end of 2024, approximately 130 million euros in savings has already been achieved ...