Key Developments: ThyssenKrupp AG (TKAG.DE)

TKAG.DE on Xetra

15 Aug 2014
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Latest Key Developments (Source: Significant Developments)

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

ThyssenKrupp AG Likely To Sell Brazilian Mill To Companhia Siderurgica Nacional-Reuters
Wednesday, 5 Jun 2013 07:53am EDT 

Reuters reported that ThyssenKrupp AG is likely to sell its Brazilian steel mill to Companhia Siderurgica Nacional (CSN), two people close to the negotiations said. Terms of the acquisition were not disclosed.  Full Article

ThyssenKrupp AG Receives Contract To Build Cement Plant In Thailand-DJ
Thursday, 30 May 2013 03:23am EDT 

Dow Jones reported that ThyssenKrupp AG said it has won a contract to build a cement plant in Thailand from TPI Polene plc. The contract is worth EUR150 million ($194.2 million). The cement clinker plant will have a capacity of 10,000 tons of cement per day and is scheduled to start production in 2015. The plant will be located in Saraburi, near the capital Bangkok.  Full Article

ThyssenKrupp AG To Cut 2,000 Steel Jobs-FT
Friday, 8 Feb 2013 08:40am EST 

Financial Times reported that ThyssenKrupp AG plans to cut more than 2,000 European steel jobs as it seeks to preserve profits in response to worsening demand and high energy and raw material costs.  Full Article

ArcelorMittal Places Bid For ThyssenKrupp AG's Alabama Factory
Thursday, 10 Jan 2013 12:59am EST 

Dow Jones reported that ArcelorMittal has placed a bid at ThyssenKrupp AG for the purchase of the steel factory in Calvert, Alabama. Further details were not disclosed.  Full Article

Outokumpu Oyj Issues Shares to ThyssenKrupp AG in Relation to Acquisition of Inoxum
Friday, 28 Dec 2012 06:30am EST 

Outokumpu Oyj announced that it is to issue 621,042,572 new shares in Outokumpu to ThyssenKrupp AG. This represents 29.9% of the outstanding shares of Outokumpu immediately following the completion of the directed share issue.  Full Article

Outokumpu Oyj Completes Acquisition of ThyssenKrupp AG's Inoxum-DJ
Friday, 28 Dec 2012 05:03am EST 

Dow Jones reported that Outokumpu Oyj has completed its acquisition of ThyssenKrupp AG's Inoxum unit and that it thus has implemented a new business structure. As of December 29, 2012 Outokumpu has four business areas: Stainless Coil EMEA, Stainless Coil Americas, Stainless APAC and High Performance Stainless & Alloys. The combination of Inoxum and Outokumpu is structured to create annual cost synergies of EUR 200 million, of which EUR 50 million are expected in 2013.  Full Article

CORRECTED-Cevian to put German chief on Thyssen board -sources

(Corrects date of ThyssenKrupp AGM to Jan. 30 from Jan. 17 in last paragraph)

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