Investing.com -- German steelmaker Salzgitter (ETR: SZGG ) is looking into a non-binding takeover offer from GP Günter Papenburg and TSR Recycling, two of its shareholders.

The offer is valued at approximately 18.50 euros ($19.25) per share, as announced by the company on Thursday.

Following this news, Salzgitter's shares surged by 6.5% during Thursday's trading session.

The company also confirmed that it is currently in talks with the two shareholders regarding this matter.

Previously, in November, Salzgitter mentioned that GP Günter Papenburg was contemplating a potential takeover.

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