* Daily says banking consortium assisting steelmaker
* Spokesman to there are no concrete plans right
(Adds details, background)
FRANKFURT, July 5 German steelmaker ThyssenKrupp
is planning to raise capital of about 790 million
euros ($1 billion) in September, German daily Frankfurter
Allgemeine Zeitung said on Friday.
A spokesman for the company, which is reeling from losses at
the Steel Americas unit it is trying to sell, told Reuters there
was currently no decision nor any concrete plan to increase
The newspaper, which cited no sources, said a banking
consortium was assisting the steelmaker with the capital
measure, which should help fix the ratio of its equity to its
level of debt.
Chief Executive Heinrich Hiesinger said in May ThyssenKrupp
could not rule out a capital increase in the next six to nine
months and that management would make a decision on the matter
after the planned sale of Steel Americas.
A source familiar with the matter told Reuters on June 28
that RAG, a state-owned trust which controls chemicals maker
Evonik, could buy shares in ThyssenKrupp as part of a
possible capital increase at the steelmaker.
The Alfried Krupp von Bohlen und Halbach Foundation, also
known as the Krupp Foundation, has a 25.3 percent stake in
Thyssen and has been a guardian of its independence but analysts
have said it is unlikely to take part in a capital increase.
There had been speculation that if the Krupp Foundation lost
its blocking minority, Thyssen could become a takeover target.
($1 = 0.7744 euros)
(Reporting by Marilyn Gerlach and Tom Kaeckenhoff; Editing by