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...This prompted Berlin to consider taking a stake, in order to accelerate the spin-off from ailing parent company Thyssenkrupp....
...Shares of Thyssenkrupp rose by up to 10 per cent on Friday morning after the company announced that Czech billionaire Daniel Křetínský would take a 20 per cent stake in its steel business for an undisclosed...
...“We believe that any cash coming in from the stake sale at the parent company level could be injected into the steel business....
...Thyssenkrupp has cut its full-year sales and profit guidance as Germany’s largest steelmaker warned of slowing European demand from carmakers....
...Chief executive Miguel López joined the company last year, after his predecessor Martina Merz was pushed out by the board because of slow progress in the company’s efforts to spin out its steel and submarine...
...The Essen-based company, which includes a naval as well as a bearings division, on Wednesday posted a net loss of €2bn for 2023, blaming “high raw material and energy costs” especially in the first half...
...company €8bn....
...Thyssenkrupp revived old plans to spin off its naval unit in March....
...Electrolyser maker Thyssenkrupp Nucera sketches out the way of things to come....
...More important were Musk’s Shower Thoughts: This will be much like elevators. Elevators used to be operated by a guy with relay switch....
...It works not because of superior algorithms or supply chains but because companies can mobilise millions of workers on low pay and long hours....
...Companies such as Thyssenkrupp expect that it will eventually be cheaper to produce green steel....
...One of her first moves as chief executive was to sell ThyssenKrupp’s elevator business to private equity firms in a €17bn deal....
...group Thyssenkrupp....
...Power Points Looney is the third BP chief executive to exit prematurely since May 2007 and his departure has cast doubt over the energy company’s strategy to invest in cleaner fuels as part of the energy...
...Current demands by Benner’s IG Metall for four-day work weeks in the steel and iron industries have drawn ire ahead of expected job cuts as companies such as Thyssenkrupp and Salzgitter prepare to make greener...
...Like the impression that he gave us was like of this unassuming old man who comes and greets his guests personally at the elevators and like, oh, fumbles with the elevator buttons a little bit or whatever...
...Big share price moves in Europe today include UK software company Sage, and German companies Bayer and Thyssenkrupp: Sage: The UK company added 11 per cent, leading gains on the Stoxx Europe 600, after...
...Thyssenkrupp has announced long-awaited plans to list hydrogen business Nucera in Frankfurt, as the former industrial giant continues to shrink after years of hardship.The Essen-based company said on Monday...
...The Hilton and other nearby hotels were heaving, with elevators packed to the gills and every table and chair claimed for rounds of speed dating with potential financial partners....
...But Thyssenkrupp’s two-thirds share would still be worth almost half of its market capitalisation....
...But one person close to ThyssenKrupp said the company did not expect the government to intervene....
...In Germany, Thyssenkrupp has secured €2bn, while ArcelorMittal will get a package worth as much as €850mn in France. This may make sense in some locations, but not everywhere....
...Thyssenkrupp has been through a painful retrenchment, which included the €17bn disposal of its elevator business. But further divestments would be desirable....
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