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Thyssenkrupp AG (TKAG.DE)

TKAG.DE on Xetra

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Latest Key Developments (Source: Significant Developments)

Thyssenkrupp plans closure of two German facilities - works council
Friday, 7 Apr 2017 12:24pm EDT 

Thyssenkrupp steel works council : Says management plans immediate closure of two facilities in germany, with loss of up to 350 jobs . Says management plans further job cuts, for example in logistics and among white-collar workers Further company coverage: [TKAG.DE] ((frankfurt.newsroom@thomsonreuters.com; +49 69 7565 1270;)).  Full Article

Sacyr in consortium to build cement plant in Bolivia for $241 mln
Wednesday, 22 Mar 2017 08:30am EDT 

Sacyr SA : Sacyr Industrial, in consortium, has signed a contract to build a cement plant in Potosi, Bolivia for $241 million . The consortium is composed of Sacyr Industrial, ThyssenKrupp Industrial Solutions and Imasa Ingenieria y Proyectos Further company coverage: [SCYR.MC] (Gdynia Newsroom) ((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;)).  Full Article

Kongsberg Gruppen establishes JV with thyssenkrupp Marine Systems and Atlas Elektronik
Thursday, 9 Mar 2017 04:00am EST 

Kongsberg Gruppen ASA : Kongsberg, thyssenkrupp Marine Systems and Atlas Elektronik enter into a comprehensive teaming agreement for submarines . Companies join resources and establish joint venture company in Norway .Shares in joint venture will be part-owned by both Norwegian and German partners.  Full Article

Thyssenkrupp says CSA sale won't change credit ratings
Wednesday, 22 Feb 2017 07:00am EST 

Thyssenkrupp : Says CSA sale should support capacity utilisation at Steel Europe . says sale of CSA won't change credit rating situation in short term Further company coverage: [TKAG.DE] ((frankfurt.newsroom@thomsonreuters.com; +49 69 7565 1270;)).  Full Article

Thyssenkrupp agreed with Ternium on sale of CSA steel plant for 1.5 bln euros
Tuesday, 21 Feb 2017 06:20pm EST 

Thyssenkrupp Ag : Company reached agreement with Ternium on sale of CSA steel plant in Brazil for eur 1.5 billion. . With closing of deal co will receive a clear cash inflow which will significantly reduce the group's net financial debt . Sale will have corresponding effects on the group's net income .Does not expect deal to have any impact on adjusted EBIT, free cash flow before m&a targets of continuing operations for current FY 2016/2017.  Full Article

ThyssenKrupp further invests in automotive components business in Hungary
Friday, 3 Feb 2017 05:04am EST 

ThyssenKrupp AG : Investing further in automotive components business in Hungary . New production facility for springs and stabilizers to be built in debrecen at a cost of around 35 million euros ($37.60 million) .Investment will create around 250 new jobs at the site by 2020.  Full Article

Airbus confirms selling its shares in Atlas Elektronik
Thursday, 12 Jan 2017 06:40am EST 

Airbus : Airbus Defence and Space has entered into an agreement to sell its 49 percent share in Atlas Elektronik Group to ThyssenKrupp AG .Sale of its shares in Atlas Elektronik, a supplier of maritime technology, is part of Airbus Defence and Space’s divestment program to focus on its core business..  Full Article

Thyssenkrupp aims to lower costs at Industrial Solutions
Friday, 9 Dec 2016 03:55am EST 

Thyssenkrupp AG in presentation slides : Says aims to lower costs at industrial solutions by 450 million euros in three years Further company coverage: [TKAG.DE] ((frankfurt.newsroom@thomsonreuters.com; +49 69 7565 1270;)).  Full Article

Thyssenkrupp AG is in talks with Ternium SA to sell steel plant in Brazil - Nikkei
Tuesday, 25 Oct 2016 11:01am EDT 

: German engineering giant Thyssenkrupp AG is in talks with Ternium Sa to sell its large steel plant in Brazil - Nikkei . Thyssenkrupp AG talks with Ternium SA are at an advanced stage, could be concluded by year-end - Nikkei .Ternium would likely want to pay less than the steel plant's current book value of roughly $2.17 billion - Nikkei.  Full Article

Thyssenkrupp: Peter feldhaus new CEO of Thyssenkrupp Marine Systems
Friday, 30 Sep 2016 06:08am EDT 

Thyssenkrupp AG : Thyssenkrupp marine systems restructures leadership team .Peter Feldhaus head of strategy at Thyssenkrupp AG, has been appointed chief executive officer (CEO) of Thyssenkrupp Marine Systems, effective October 1.  Full Article

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Thyssenkrupp plans steel 500 million euro cost cuts over three years

FRANKFURT/DUESSELDORF German industrial group Thyssenkrupp said on Friday it planned to cut costs by 500 million euros ($531 million) over three years at its steel unit, which it is seeking to merge with Tata Steel's European operations.