CI VIEW: Tunisia’s El Fouladh steel group M&A target for ThyssenKrupp, Tenaris Marcegaglia at WEF Davos

WASHINGTON/BIZERTE/WHITE SULPHUR SPRINGS, WV (CI MENA) –The Tunisian state-owned Societe Tunisiene de Siderugie ElFouladh steel group is a perfect takeover target for specialty steel groups such as Essen, Germany-based Thyssenkrupp AG (ETR: TKA) or Italian-Brazilian giant Tenaris (NYSE: TS); Tunisian Member of Parliament and the highest elected official of Bizerte Ali Belakhoua said.

[White House National Security Advisor Lt. General H.R. McMaster speaks to Capitol Intelligence using CI Glass on Overseas Private Investment Corporation at Center for Strategic and International Studies event on the NSC at 70 years in Washington, DC. October 10, 2017]

The sale of Societe Tunisiene de Siderugie ElFouladh to ThyssenKrupp could well be on the cards after Thyssenkrupp CEO Heinrich Hiesinger dined with President Donald J. Trump on January 25, 2018 along with White House National Security Council Adviser Lt. General H.R. McMaster at the World Economic Forum in Davos, Switzerland.

President Trump has made private sector investment in areas threatened by ISIS/Al Qaeda terrorism a “national security priority” and whose policy is being carried out by General McMaster through Commerce Secretary Wilbur Ross and Overseas Private Investment Corporation (OPIC) headed by Dallas native, Ray Washburne.

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