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RPT-Liberty Steel's funding plan for Thyssenkrupp lacks clarity -IG Metall

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DUESSELDORF, Feb 4 (Reuters) - A bid by Britain’s Liberty Steel for the steel division of Germany’s Thyssenkrupp still lacks clarity on financing, a leader for the powerful IG Metall union said.

“Liberty has an idea. But it is unclear how it will be funded. It hasn’t been proven yet that it’s a sustainable concept,” IG Metall’s North Rhine-Westphalian regional leader Knut Giesler told Reuters.

Liberty Steel last month submitted what it called a firmed up bid for the division, with sources saying the group had secured significant financial leeway to fund the transaction. (Reporting by Tom Kaeckenhoff Writing by Christoph Steitz Editing by Madeline Chambers)

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