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Thyssenkrupp AG (TKAG.DE)

TKAG.DE on Xetra

22.68EUR
23 Feb 2018
Change (% chg)

€-0.11 (-0.48%)
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Wed, Feb 14 2018

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Steel unit boosts Thyssenkrupp profit ahead of Tata Steel tie-up

FRANKFURT Germany's Thyssenkrupp joined rivals in reporting a strong recovery of its steel business, just weeks before it plans to ink a deal to merge the unit with the European operations of India's Tata Steel .

UPDATE 3-Steel unit boosts Thyssenkrupp profit ahead of Tata Steel tie-up

* Shares down as much as 2 pct on disappointing free cash flow

Thyssenkrupp Q1 operating profit up 35 pct on steel recovery

FRANKFURT, Feb 14 German industrial and technology group Thyssenkrupp on Wednesday reported a 35 percent increase in first-quarter operating profit, helped by a recovery at its steel unit, which it is currently trying to merge with Tata Steel.

Tata to invest in Port Talbot steel plant post Thyssenkrupp merger- sources

* To invest in blast furnace at a cost of roughly 75 mln pounds

UPDATE 2-Thyssenkrupp steel workers back labour plan ahead of Tata deal

* Approval key step in creating Thyssenkrupp-Tata Steel JV (Recasts, adds official confirmation, Thyssenkrupp comment)

UPDATE 1-Thyssenkrupp ends IT cooperation with T-Systems

* Deutsche Telekom had 1.2 bln euro T-Systems writedown in Q3 (Adds background)

Thyssenkrupp ends IT cooperation with T-Systems

DUESSELDORF, Germany, Feb 1 German industrial group Thyssenkrupp said on Thursday it had ended its business relationship with T-Systems, in a setback to Deutsche Telekom's IT services arm as it embarks on a restructuring.

UPDATE 3-Facing investor pressure, Thyssenkrupp pledges to refine strategy

* Shares hit 4-month high on hopes for change (Adds Cevian comment, updates shares)

Thyssenkrupp CEO to refine strategy in light of investor worries

BOCHUM/FRANKFURT, Jan 19 Thyssenkrupp will adapt its strategy following a planned steel tie-up with India's Tata Steel, its chief executive said on Friday, responding to investor criticism that the elevators-to-submarines group is too unwieldy.

UPDATE 1-Investors intensify pressure on Thyssenkrupp boss before AGM

* Investors urge group to slim down via spin-offs, listings (Adds shareholder comments)

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