FLSmidth & Co. A/S (CPSE:FLS) is in negotiations with German engineering group thyssenkrupp AG (XTRA:TKA) to acquire its mining business, the Danish mining equipment maker said on January 15, 2021. The negotiations are at a non-binding stage, FLSmidth said, and there can be no assurance as to their result. “Any transaction, if entered into, would be subject to, amongst other, statutory clearances from authorities, including approvals from merger control authorities,” the company said. Sources told Reuters in November 2020 that FLSmidth was expected to show interest in parts of Thyssenkrupp’s Plant Technology division, which has been put up for sale in a process run by Citi. Sales at mining reached a high triple digit million euro sum, a person familiar with the matter said. A spokeswoman for Thyssenkrupp confirmed that negotiations with FLSmidth were ongoing, declining to comment further.