Key Developments: ThyssenKrupp AG (TKAG.DE)

TKAG.DE on Xetra

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Latest Key Developments (Source: Significant Developments)

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

ThyssenKrupp AG gives FY 2013/2014 EBIT outlook below analysts' estimates
Friday, 29 Nov 2013 05:53pm EST 

ThyssenKrupp AG:Sees its adjusted EBIT improving from 599 million euros in FY 2012/2013 to about 1 billion euros in FY 2013/2014.FY 2013/2014 EBIT 1,307.47 million euros - Thomson Reuters I/B/E/S Estimates.  Full Article

ThyssenKrupp AG updates on disposal of its U.S. auto steel plant to Nippon Steel & Sumitomo Metal Corp and ArcelorMittal SA combined with contract for ThyssenKrupp CSA in Brazil
Friday, 29 Nov 2013 05:53pm EST 

ThyssenKrupp AG:Says its ThyssenKrupp Steel USA rolling and coating plant in Calvert/Alabama is being sold to a consortium of ArcelorMittal SA and Nippon Steel & Sumitomo Metal Corp (the Consortium).Says it will receive a purchase price of $1.55 billion from the Consortium.Says a long-term slab supply contract has been agreed to secure the value of ThyssenKrupp CSA in Brazil.Says the Consortium will also purchase two million tons of slabs per year from ThyssenKrupp CSA up to 2019.Says the transaction is subject to the approval of regulatory authorities in the USA and a number of other countries.  Full Article

Nippon Steel & Sumitomo Metal Corp and ArcelorMittal SA to buy US auto steel plant from ThyssenKrupp AG -Nikkei
Tuesday, 26 Nov 2013 07:00pm EST 

ThyssenKrupp AG:Nippon Steel & Sumitomo Metal and ArcelorMittal will jointly acquire an automotive steel sheet plant in the U.S. from ThyssenKrupp AG, more than doubling the partners' combined production capacity in the country -Nikkei.Deal is expected to reach 200 billion yen ($1.95 billion).Nippon Steel and ArcelorMittal will split the purchase cost evenly, with specifics to be fleshed out and announced in early December.The plant has an output capacity of around 2.2 million tons a year, supplying automotive and construction steel.  Full Article

ThyssenKrupp AG Postpones Establishment of Annual Financial Statements Exclusive Negotiations on Possible Sale of US Steel Plant
Tuesday, 19 Nov 2013 04:03pm EST 

ThyssenKrupp AG announced that it is in exclusive negotiations on the potential sale of the US steel plant in Calvert/Alabama (ThyssenKrupp Steel USA). The talks also include a long term slab supply contract for ThyssenKrupp CSA, a solution that would secure the value of the Brazilian steel mill. Whether the transaction will be brought to a conclusion is still open at present. In particular against this background, the establishment of the annual financial statements for the 2012/13 fiscal year has been postponed until December 2, 2013.  Full Article

EADS NV and ThyssenKrupp AG Joint Venture Atlas Elektronik as well as Rheinmetall AG Have Offices Searched as Part of Corruption Investigation-Reuters
Sunday, 25 Aug 2013 08:47am EDT 

Reuters reported that the German offices of a joint venture belonging to EADS NV and ThyssenKrupp AG, as well as those of Rheinmetall AG have been searched as part of an investigation into suspected corruption linked to an order made by Greece for submarine equipment. The companies are suspected of having paid EUR 18 million in bribes and are also suspected of tax evasion. ThyssenKrupp AG pointed out that it had itself discovered facts relating to the case as part of an internal investigation and had informed the authorities in 2010.  Full Article

ThyssenKrupp AG Receives Orders From Middle East-DJ
Thursday, 6 Jun 2013 08:16am EDT 

Dow Jones reported that ThyssenKrupp AG has received orders for elevators and other transport devices from Saudi Arabia and Bahrain. The financial details of the order weren't disclosed.  Full Article

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Thyssen hires Deutsche Bank to manage VDM unit sale: sources

FRANKFURT - German steelmaker ThyssenKrupp has picked Deutsche Bank to manage the sale of its high-performance alloy unit VDM, as it renews efforts to draw a line under an ill-fated venture, two people familiar with the matter said.

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