13
May
15:31
thyssenkrupp reverses plans to divide the company
Friday’s news that the merger of thyssenkrupp Steel and Tata Steel Europe appears to be dead in the water was not the last word from the German conglomerate.
In the wake of the failure of one big venture, thyssenkrupp immediately cancelled another one, namely the division of the group into two listed groups, previously announced in September 2018. The idea was that one unit, tk Industrials AG, would oversee the technology and components activities, whilst …
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Very good overview of the weekly steel market.
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