Thyssenkrupp may have to pay up to forge steel business deal



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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