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Thyssenkrupp AG (TKAG.DE)

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Latest Key Developments (Source: Significant Developments)

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

Tata Steel announces developments regarding European business strategy
Friday, 8 Jul 2016 01:18pm EDT 

: Tata Steel says will now begin process for potential sale of South Yorkshire based speciality steels business and the hartlepool pipe mills in the UK . Tata Steel to explore feasability of strategic collaborations through potential joint venture . Based speciality steels business and the Hartlepool pipe mills in the UK . Tata Steel says entered into discussions with strategic players in the steel industry including Thyssenkrupp AG . Tata Steel says received interest from several bidders for speciality steels and pipe mills in each case, formal process will be commencing shortly (Bengaluru Newsroom +91 80 6749-1130; within U.S. +1 646 223 8780).  Full Article


Thyssenkrupp says it has no timeline on Tata Steel joint-venture deal

DUESSELDORF, Germany Thyssenkrupp has no timeline to make a final decision on a potential merger of its European steel operations with those of peer Tata Steel, a spokesman for the group said.