Krupp Foundation did not participate in Thyssen capital hike

DUESSELDORF, Germany Tue Dec 3, 2013 6:29am EST

Related Topics

DUESSELDORF, Germany (Reuters) - The Krupp Foundation said it did not participate in ThyssenKrupp's (TKAG.DE) capital increase but would remain an anchor investor in Germany's biggest steelmaker.

ThyssenKrupp raised 882.3 million euros ($1.2 billion) in the sale of new shares on Tuesday, as it seeks to bolster a balance sheet weakened by a downturn in the global steel market and years of losses at its Americas business.

(Reporting by Tom Kaeckenhoff; Writing by Maria Sheahan)

FILED UNDER: