03
Jul
16:57
thyssenkrupp to split steel from core business: reports
Thyssenkrupp wants to finalise negotiations over a merger with Tata Steel’s European operations by September, the end of its fiscal year. In the new company, thyssenkrupp intends to retain only a minority stake, with Tata taking the lead, according to a Handelsblatt report. The Steel unit would thus be deconsolidated from thyssenkrupp Group’s balance sheet.
The paper cites insiders at the company as saying that thyssenkrupp ceo Heinrich Hiesinger wil…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous