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
Credit:
1: https://www.reutersagency.com/en/reutersbest/article/thyssenkrupp-may-have-to-pay-up-to-forge-steel-business-deal/
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