Thyssenkrupp should consider industrial players in sale of defense division – IG Metall
By Tom Käckenhoff DUESSELDORF (Reuters) – Thyssenkrupp should explore a sale of its warship division to peers, in addition to private equity players and a potential stock market listing, according to influential…
Thyssenkrupp Uhde aims to double sales, open to co-owners
By Christoph Steitz and Tom Käckenhoff FRANKFURT/DUESSELDORF, Germany (Reuters) – Thyssenkrupp’s plant engineering unit plans to double sales to around 2 billion euros ($2.2 billion) in the mid-term and is open to…
Thyssenkrupp 2023 sales to fall by less than 10% – CFO
FRANKFURT (Reuters) – Thyssenkrupp expects sales to fall by less than 10% in 2023, its chief financial officer told analysts on Thursday after presenting full-year results. “It won’t be a two-digit number,”…
Thyssenkrupp: no taboos on steel unit, no talks with Salzgitter on tie-up
FRANKFURT (Reuters) – Thyssenkrupp is not ruling out a sale, spin-off or merger of its steel division to realise a stand-alone scenario it deems best for the business, but added there were…
Thyssenkrupp CEO Merz gets 5-year contract extension
FRANKFURT – Martina Merz, who has been chief executive of Germany’s Thyssenkrupp since 2019, has received a five-year contract extension until March 2028, the company said on Thursday. “On behalf of the…
Thyssenkrupp top shareholder has no plan to sell stake
DUESSELDORF – Thyssenkrupp’s top shareholder has no plans to sell its 20.93% stake in the German conglomerate, its head said. “We are a stable, reliable anchor shareholder of the company,” Ursula Gather,…
Thyssenkrupp warship unit eyes German shipyard industry consolidation -Welt am Sonntag
BERLIN – Germany’s second-largest defence group Thyssenkrupp Marine Systems (TKMS) wants to play a leading role in consolidating the German and European shipyard industry, its new Chief Executive Officer told German newspaper…
Germany’s Thyssenkrupp, Japan’s NSK mull automotive JV
BERLIN – Thyssenkrupp and Japan’s NSK are considering forming an automotive joint venture, the German conglomerate said on Thursday, as it continues to explore new ownership models for its key business areas…
Thyssenkrupp CFO: IPO of Nucera could take place in H1
FRANKFURT – Thyssenkrupp Chief Financial Officer Klaus Keysberg on Wednesday confirmed the timeline for a planned listing of hydrogen division Nucera, saying an initial public offering could take place by the end…
Thyssenkrupp puts 1,300 steel workers on short working hours
DUESSELDORF – Thyssenkrupp is cutting working hours for 1,300 of its steel workers, the German conglomerate said on Thursday, responding to the impact of the war in Ukraine on the automotive sector…
Thyssenkrupp drops cash flow forecast, questions steel plans due to Ukraine
BERLIN – Germany’s Thyssenkrupp on Wednesday suspended its 2021/22 forecast for free cash flow before mergers and acquisitions for due to the Ukraine crisis and said it was unclear if it would…
Thyssenkrupp hydrogen IPO plans face market headwinds – sources
By Christoph Steitz and Tom Käckenhoff FRANKFURT/DUESSELDORF – A steep drop in hydrogen shares is likely to hit the valuation of Thyssenkrupp’s hydrogen unit Nucera, according to investor and financial sources, which…
Higher steel prices boost Thyssenkrupp amid supply chain strains
By Christoph Steitz and Tom Käckenhoff FRANKFURT – Thyssenkrupp said on Thursday that operating profit rose nearly fivefold in its first quarter, as its two biggest divisions – steel and materials trading…
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