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Thyssenkrupp may have to pay up to forge steel business deal | Reuters News Agency

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By News Times HD


Deals

07 December 2023, 4:32 am 1 minute

Reuters exclusively reported that German conglomerate Thyssenkrupp may need to hand over cash or keep hold of some pension liabilities to win Czech billionaire Daniel Kretinsky as a co-owner of its iconic steel business it is trying to divest.  

Market Impact

Shares in Thyssenkrupp fell as much as 4.8% on the report. Thyssenkrupp’s long-standing plans to divest its steel division are of key relevance to investors, who wonder about the conglomerate’s future set-up. 

Article Tags

Topics of Interest: Deals

Type: Reuters Best

Sectors: Business & Finance

Regions: Europe

Countries: Germany

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Significant National Story



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