Thyssenkrupp urged to sever ties with ‘uncompetitive’ steel unit
Thyssenkrupp is in talks to sell its steel business to the UK’s Liberty Steel, potentially putting one of Germany’s most iconic firms in foreign hands
28 January 2021 - 16:09
Frankfurt — Thyssenkrupp must swiftly cut ties to its ailing steel division to stop losses and rid itself of investments and liabilities it cannot afford, two of its shareholders said a week ahead of the group’s AGM.
Thyssenkrupp is in discussions to sell its steel business to Britain’s Liberty Steel, potentially putting one of Germany’s most iconic businesses in foreign hands. Sources say it is also examining a spin-off of the business and wants to decide in March whether to divest or keep it...
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