Key Developments: ThyssenKrupp AG (TKAG.DE)

TKAG.DE on Xetra

19.88EUR
17 Apr 2014
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Latest Key Developments (Source: Significant Developments)

Saab AB and ThyssenKrupp AG signs MoU on acquisition of ThyssenKrupp Marine Systems AB
Monday, 14 Apr 2014 01:22am EDT 

Saab AB:Says that ThyssenKrupp Industrial Solutions AG, subsidiary of ThyssenKrupp AG, and Saab AB signed non-binding memorandum of understanding concerning sale of Swedish shipyard ThyssenKrupp Marine Systems AB (formerly named Kockums) with operations in Malm√∂, Karlskrona and Musk√∂ to Saab AB.Both parties agree that during negotiations phase, integrity and operating ability of ThyssenKrupp Marine Systems AB must be safeguarded.Says negotiations between Saab AB and ThyssenKrupp Marine Systems AB are at an early stage and more information will follow.  Full Article

ThyssenKrupp AG's ThyssenKrupp MillServices & Systems GmbH takes over operations of Schaumann company
Wednesday, 2 Apr 2014 08:00pm EDT 

ThyssenKrupp AG:Announces ThyssenKrupp MillServices & Systems GmbH takes over entire operations of Duisburg-based company Schaumann.This includes all 44 employees working there.Says ThyssenKrupp MilllServices & Systems is also acquiring workshop and adjacent employee facilities plus complete fleet for Schaumann's inplant logistics.Equipment includes wheel loaders, excavators, telescopic excavators and special metallurgical equipment.  Full Article

ThyssenKrupp AG's ThyssenKrupp Industrial Solutions receives cement plant order
Monday, 3 Mar 2014 07:00pm EST 

ThyssenKrupp AG:ThyssenKrupp Industrial Solutions receives order to build cement clinker production line in Algeria.Customer is Societe des Ciments de Ain El Kebira (SCAEK), subsidiary of Algerian cement manufacturer Groupe Industriel des Ciments d'Algerie (GICA).Value of contract is in mid three-digit million euro range.Order includes supply of key components for operations including raw material processing, clinker manufacture and cement loading.Order also includes installation of laboratory automation system for quality assurance and monitoring, and the turnkey handover of plant to customer.  Full Article

ThyssenKrupp AG divests share stake in Outokumpu Oyj
Friday, 28 Feb 2014 10:30am EST 

Outokumpu Oyj:Says ThyssenKrupp AG closed the sale of shares in Outokumpu on Feb. 28.Says on Nov. 29, 2013, ThyssenKrupp entered into a share sale and purchase agreement concerning shares in Outokumpu.Says under the agreement, ThyssenKrupp was to sell 621,042,572 shares (representing a total of 29.9 percent of the shares) in Outokumpu.  Full Article

ThyssenKrupp AG issues 1.25 billion euro bond
Wednesday, 19 Feb 2014 12:07pm EST 

ThyssenKrupp AG:Issues 1.25 billion euros bond documented under company's 10 billion euros Debt Issuance Programme.Joint bookrunners are BNP Paribas, Credit Agricole, Deutsche Bank and SEB.Bond, which was issued with maturity of 5 years and 8 months, carries coupon of 3.125 pct p.a. at issue price of 99.201 pct.With this transaction ThyssenKrupp AG is making use of market environment, extending its maturity profile and strengthening debt capital market share in its financing mix.Bond has minimum denomination of 1,000 euros and is therefore eligible to be bought by retail investors.  Full Article

ThyssenKrupp AG reaffirms FY 2014 guidance - Conference Call
Friday, 14 Feb 2014 01:00pm EST 

ThyssenKrupp AG:Continues to expect FY 2014 sales should grow by a mid-single-digit percentage rate.Expects FY 2014 unchanged EBIT adjustment improvement to come from growth in highly profitable capital goods business, but most important, from Group efforts to enhance performance by the impact program, which should accumulate an EUR850 million savings.The company reported revenue of $38.559 bln and EBIT of $1.094 bln for the FY 2013.FY 2014 EBIT of $402 mln - Thomson Reuters I/B/E/S.  Full Article

ThyssenKrupp AG confirms FY 2013/2014 outlook-Reuters
Friday, 17 Jan 2014 04:15am EST 

ThyssenKrupp AG:ThyssenKrupp AG's Chief Executive Officer confirms the company's previously issued guidance of reporting for fiscal year 2013 /2014 an adjusted EBIT of 1 billion euros, compared to 600 million euros in the previous year - Reuters.FY 2013/2014 EBIT 1,030.51 million euros - Thomson Reuters I/B/E/S Estimates.  Full Article

ThyssenKrupp AG announces placement of new shares corresponding to 10 percent of the capital stock at 17.15 euros
Tuesday, 3 Dec 2013 03:09am EST 

ThyssenKrupp AG:Says it has successfully completed the capital increase announced on Dec. 2, by 131,709,191.68 euros, corresponding to 10 percent of the capital stock, in an accelerated bookbuilding process.Says the newly issued 51,448,903 no par shares in ThyssenKrupp AG were placed with German and international institutional investors at a price of 17.15 euros per share.Says the placement results in a gross proceeds of 882.3 million euros.  Full Article

ThyssenKrupp AG wins submarine order from Singapore - Reuters
Monday, 2 Dec 2013 09:52am EST 

ThyssenKrupp AG:Says it won an order from Singapore for two submarines of the HDW Class 218SG - Reuters.  Full Article

ThyssenKrupp AG to fully divest its 29.9 percent stake in Outokumpu Oyj
Friday, 29 Nov 2013 05:53pm EST 

ThyssenKrupp AG:Says it will fully divest its 29.9 percent shareholding in Outokumpu Oyj, held from the sale of Inoxum, and terminate all other financial links with Outokumpu.Says the transfer will enable Outokumpu Oyj to fulfill the EU Commission's conditions for the Inoxum transaction in a way that preserves value.Says it is taking its responsibility to the employees by creating the conditions for a sustainable refinancing of Outokumpu Oyj.Says the transaction is subject to the approval of the competent regulatory authorities and the cooperation and approval of shareholders, banks and creditors for the overall plan for a sustainable refinancing of Outokumpu Oyj.  Full Article

RLPC-ThyssenKrupp agrees 2 bln euro loan refinancing-sources

LONDON, April 16 - Germany's ThyssenKrupp has agreed a 2 billion euro ($2.76 billion), three-year revolving credit facility to replace an existing 2.5 billion euro facility that was due to mature in July, banking sources said.

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