ThyssenKrupp cuts Steel Americas value to 3.4 bln euros

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German steelmaker ThyssenKrupp has written down the book value of its Steel Americas business, which it has been trying to sell, to 3.4 billion euros ($4.4 billion) from 3.9 billion, it said in a presentation published on Wednesday.

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The company earlier reported an unexpected quarterly loss due to the writedown.

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