Reuters logo
Krupp Foundation did not participate in Thyssen capital hike
December 3, 2013 / 11:31 AM / 4 years ago

Krupp Foundation did not participate in Thyssen capital hike

DUESSELDORF, Germany (Reuters) - The Krupp Foundation said it did not participate in ThyssenKrupp’s (TKAG.DE) capital increase but would remain an anchor investor in Germany’s biggest steelmaker.

ThyssenKrupp raised 882.3 million euros ($1.2 billion) in the sale of new shares on Tuesday, as it seeks to bolster a balance sheet weakened by a downturn in the global steel market and years of losses at its Americas business.

Reporting by Tom Kaeckenhoff; Writing by Maria Sheahan

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below