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Thyssenkrupp AG (TKAG.DE)

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Latest Key Developments (Source: Significant Developments)

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 wins Riyadh Metro elevator contract
Wednesday, 6 Jul 2016 04:22am EDT 

Thyssenkrupp Ag : Thyssenkrupp says awarded a contract to design, manufacture, supply, install and maintain 641 elevators and escalators for lines 1 and 2 of the riyadh metro in saudi arabia. Further company coverage: [TKAG.DE] ((frankfurt.newsroom@thomsonreuters.com; +49 69 7565 1270;)).  Full Article

Thyssenkrupp says acquisition of minority stake in CSA completed
Wednesday, 1 Jun 2016 01:01am EDT 

Thyssenkrupp AG : Thyssenkrupp says all conditions to complete transaction have been fulfilled . Says now sole owner of Brazilian steel plant Thyssenkrupp CSA . Thyssenkrupp says transaction has not created need for financing Further company coverage: [TKAG.DE] ((frankfurt.newsroom@thomsonreuters.com; +496975651270;)).  Full Article

Thyssenkrupp says going for pricing versus volume
Tuesday, 10 May 2016 08:59am EDT 

Thyssenkrupp : CFO says AST is also on list of non-core assets we'd like to dispose of . CFO says in negotiations on some big-ticket contracts for industrial solutions . Says price pressure in elevators in China in single-digit percent . CFO says definitely wants to sell Brazilian CSA but not so easy in current market . CFO says going for pricing versus volume in Steel Europe, contract/spot focus not shifting Further company coverage: [TKAG.DE] (Reporting By Georgina Prodhan) ((georgina.prodhan@thomsonreuters.com;)).  Full Article


Top trade union demands guarantees in Thyssen-Tata steel JV

DUESSELDORF IG Metall, Germany's largest trade union called on Thyssenkrupp's management to provide guarantees for jobs, plants and future investments in relation to a planned European steel tie-up with Tata Steel .