Cevian says may further raise stake in ThyssenKrupp

DUESSELDORF, Germany Wed Sep 25, 2013 3:02am EDT

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DUESSELDORF, Germany (Reuters) - Swedish activist shareholder Cevian may further increase its 5.2 percent holding in struggling ThyssenKrupp (TKAG.DE) 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)