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...Over the past years the Essen-based group has sold its car parts and infrastructure businesses, an Italian stainless steel plant and its elevator operations, which it sold for €17bn in 2020 to private equity...
...A restructuring process has included the sale of its prized elevator business to private equity for €17bn, as well as its car parts and stainless steel operations....
...Over the past three years the Essen-based group has sold its car parts and infrastructure businesses, an Italian stainless steel plant and its elevator operations, which it sold for €17bn in 2020 to private...
...Last year, it sold its carbon components and infrastructure businesses, as well as an Italian stainless steel plant....
...A bet on falling prices by Tsingshan, the world’s largest stainless steel producer run by Chinese industrialist Xiang Guangda, collided with fears of supply disruptions out of Russia, a large producer of...
...Thyssenkrupp sold its carbon components and infrastructure businesses last year, as well as an Italian stainless steel plant....
...The Essen-based company will put business with a combined annual turnover of approximately €6bn up for sale, including its stainless steel plant in Italy and its factory-building unit....
...As the coronavirus crisis adds to its mounting debts, the beleaguered German group will put businesses with a combined annual turnover of approximately €6bn up for sale, including its stainless steel plant...
...(Bloomberg) News round-up Thyssenkrupp ends talks with Gupta’s Liberty over steel unit (FT) Top Deutsche banker wooed clients for Wirecard months before collapse (FT) Crispin Odey ‘lunged’ at female...
...steel unit (FT) Ex-Tiger Global executive looks at raising second $1bn fund in year (FT)...
...and Tata Steel merger (FT) Sports Direct launches legal challenge to Debenhams’ restructuring (FT) Uber chief executive laments U.S. trade policy for lackluster IPO (Reuters) UK’s Compass Group to buy...
...When he departed, it was down to four, thanks to major disposals such as its stainless steel group and its Brazilian steelmaking arm....
...Founded in 2006, Yeti is known for its rugged yet premium-priced coolers and stainless-steel thermoses and mugs, popular with outdoor enthusiasts....
...Steel and ThyssenKrupp sought to cut costs....
...“The number of risks we had coming out of compliance [the company was fined for involvement in a cartel, amid other problems], the investment in the Americas, the stainless steel sector having huge losses...
...Having closed factories and laid off tens of thousands of workers to survive the past decade, European groups such as ThyssenKrupp of Germany, Voestalpine of Austria and Indian-owned Tata Steel hoped higher...
...In a research note on Wednesday, Nomura said that demand from Chinese stainless steel mills was easing while supply remained stable....
...Tata and ThyssenKrupp agree Europe steel tie-up Germany’s ThyssenKrupp and India’s Tata Steel agreed to merge their steelmaking operations in Europe in an attempt to cut costs and focus on higher-quality...
...Stainless steel is regaining its shine....
...While tariffs prevented stainless prices falling in the same way as those for basic steel, Outokumpu had warned its British workforce on its weak competitiveness....
...Moody’s cut the credit rating of German steel behemoth Thyssenkrupp further into junk territory on Monday, as the group’s cost-cutting efforts collide with weakened profitability due to lower steel prices...
...’s stainless steel unit in 2012....
...The partial unwinding of the 2012 sale of ThyssenKrupp’s Inoxum stainless steel business to Finland’s Outokumpu came as a big negative surprise for investors....
...Investors have certainly bought the idea that there is more to German steel and capital goods group ThyssenKrupp than meets the eye....
...He began changes previously viewed as unthinkable by ThyssenKrupp’s old guard, such as spinning-off its core stainless steel unit....
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