thyssenkrupp AG (TKAG.DE)
FRANKFURT Germany's Thyssenkrupp will promote Premal Desai to lead its steel division and restructure the business in the face of dwindling global demand, the elevators-to-submarines group said on Friday.
BRUSSELS Thyssenkrupp and Tata Steel's plan to form a landmark joint venture was rejected by EU antitrust regulators on Tuesday, concerned that the deal would have pushed up prices and reduced competition. | Video
BRUSSELS, June 11 Thyssenkrupp and Tata Steel's plan to form a landmark joint venture was rejected by EU antitrust regulators on Tuesday, concerned that the deal would have pushed up prices and reduced competition.
BRUSSELS, June 11 EU antitrust regulators blocked on Tuesday a bid by Thyssenkrupp and Tata Steel to form a landmark joint venture, saying the deal would have pushed up prices and reduced competition.
June 6 The following bids, mergers, acquisitions and disposals were reported by 1600 GMT on Thursday:
ESSEN, Germany German foundation RAG Stiftung, tasked with bearing the costs for the country's exit from hard coal mining, has currently no plans to invest in ailing Thyssenkrupp, whose shares came close to a 16-year low earlier this week.
FRANKFURT Thyssenkrupp shares extended their losses on Monday and fell to their lowest levels in almost 16 years.
FRANKFURT Thyssenkrupp on Friday strengthened its elevator division with a small takeover in the United States, ahead of a planned listing of the 14-billion euro ($15.6 billion) unit which has failed to revive the conglomerate's beaten shares.
* Kone, Otis interested in elevator unit (Recasts with shares, context)
FRANKFURT, May 31 Thyssenkrupp on Friday said it bought the elevator unit of U.S.-based Nashville Machine Company, strengthening its own elevator business, which it plans to list on the stock exchange to bring in fresh funds.