MENU

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

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel  https://t.me/InvestmentGuruIndia 

Download Telegram App before Joining the Channel

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)