DUESSELDORF (Reuters) – Thyssenkrupp must not divest its steel and marine units against the will of workers, the group’s labour leaders said on Friday, criticising the conglomerate’s top leadership for…
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…
By Christoph Steitz and Tom Käckenhoff FRANKFURT/DUESSELDORF (Reuters) -Influential labour representatives are open to private equity players taking a stake in Thyssenkrupp’s warship division Marine Systems (TKMS) and will set…
FRANKFURT (Reuters) – German conglomerate Thyssenkrupp on Monday joined peers in saying that European industry was under threat should the continent fail to come up with a scheme similar to…
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…
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…
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…
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…
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,”…
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…
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…
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…
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…
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…
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…
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…