Cevian says may further raise stake in ThyssenKrupp
DUESSELDORF, Germany, Sept 25
DUESSELDORF, Germany, Sept 25 (Reuters) - Swedish activist shareholder Cevian may further increase its 5.2 percent holding in struggling ThyssenKrupp but does not plan to fully take over the German steelmaker, a spokeswoman for the investor said.
ThyssenKrupp Chief Executive Heinrich Hiesinger, whose company recently breached its loan covenants and had to receive a waiver from creditors, said he welcomed Cevian as a new major shareholder.
(Reporting by Matthias Inverardi; Writing by Christiaan Hetzner; Editing by Peter Dinkloh)
- U.S. Mega Millions lottery up to $400 million, 2nd-biggest ever
- Pope Francis named Time's Person of the Year |
- Uruguay becomes first country to legalize marijuana trade
- Thousands of South Africans line up to see Mandela lie in state |
- China bitcoin arbitrage ends as traders work around capital controls