Thyssenkrupp’s expected €1bn loss at steel unit sends shares lower
Frankfurt — German steelmaker Thyssenkrupp on Thursday said its steel unit faced operating losses of €1bn in 2020, raising pressure on it to fix or sell the division.
Shares in Thyssenkrupp, which this year sold its elevator unit to a private equity consortium for €17.2bn, fell by 16.2% on the news, with analysts pointing to the weak outlook...
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