19
Nov
14:20
Thyssenkrupp seeks ‘independence’ for steel unit
Thyssenkrupp wants to spin off its steelmaking division, thyssenkrupp Steel Europe, to become a company independent from the parent conglomerate. The company’s ownership would initially be identical to the existing shareholders of tk AG, and possibly be floated separately on the stock market.
Following several failed merger attempts with competitors in recent years, tk AG has decided in favour of a stand-alone option. But only now has it become clear that th…
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Anonymous
Very good overview of the weekly steel market.
Anonymous