Published on 19/05/2020 10:02:20 AM | Source: Reuters

Thyssenkrupp pools businesses to be sold or shut down

Posted in Top Stories| #World Market #Thyssenkrupp

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FRANKFURT  - Thyssenkrupp on Monday said it would pool units that it plans to sell or shut down while singling out three businesses that will definitely stay within the group: materials services, industrial components and car parts.

The announcement comes as part of a strategy update to restore investor confidence, and the group said it was also exploring partnerships and other consolidation options for its steel division.

(Reporting by Christoph Steitz; Editing by Tom Sims)