Hints and tips:
...ThyssenKrupp declined to comment for this story....
...Thyssenkrupp and its advisers at Deutsche Bank and Rothschild had requested a call with Greensill regarding the nature of his firm’s funding for GFG....
...Founded in 1811, Thyssenkrupp was once a symbol of Germany’s industrial prowess....
...Thyssenkrupp has been struggling for more than a decade to reduce its reliance on steel and switch to other industrial products....
...Thyssenkrupp has written down the value of its steel business by €2.1bn, pushing Germany’s largest steelmaker into the red as it warns of low demand and prices amid the gloomy economic climate....
...Companies such as Thyssenkrupp expect that it will eventually be cheaper to produce green steel....
...But Thyssenkrupp’s two-thirds share would still be worth almost half of its market capitalisation....
...ThyssenKrupp said on Monday that Merz was expected to leave before the end of next month without offering a reason....
...The head of Thyssenkrupp’s naval unit, Oliver Burkhard, was among a group of senior German defence executives who accompanied Pistorius on the trip to India....
...All of this makes Thyssenkrupp’s restructuring a long game. There is latent value to capture, but only for the most patient shareholders....
...Two German industrial conglomerates Siemens and ThyssenKrupp have given contrasting signals about the future, with the former predicting higher margins while ThyssenKrupp expects earnings to fall over the...
...But 60 per cent of Thyssenkrupp’s sales are on half-annual, annual or multiannual contracts, reducing flexibility....
...That would add about €1.3bn to the valuation of Thyssenkrupp....
...ThyssenKrupp chief Martina Merz is leaving the German industrials group. Hellman & Friedman partner Philip Sternheimer has left the firm after 16 years, according to his LinkedIn profile....
...Both Siemens and Thyssenkrupp have been pressing ahead with more divestments in recent months....
...Steel and materials group ThyssenKrupp beat analyst predictions on Thursday and almost tripled its adjusted earnings before interest and taxes for the quarter, which came in at €721mn as revenues soared...
...“But I’m sure if you look into the Thyssenkrupp portfolio business by business, you will find other businesses that are probably undervalued within that group as well.”...
...Thyssenkrupp should give more details about any initial public offering timeline at its January investor conference....
...Thyssenkrupp still employs more than 100,000 people worldwide....
...Nor is there much appetite for expansion anywhere in Deutschland AG, especially after Bayer’s disastrous takeover of Monsanto. But the logic behind diversification is being revisited....
...Profits at the business did not rise as sharply as at some of Thyssenkrupp’s European competitors, however....
...Submarine maker Thyssenkrupp also benefited from Scholz’s announcement, with shares up more than 8 per cent....
...Along with Rheinmetall, investors bought into contractors such as sensor specialist Hensoldt and submarine maker Thyssenkrupp, as well as smaller companies such as Jenoptik, which makes rifle sights....
...congestion and delays have been most acute in the state of North Rhine-Westphalia and along the Rhine Valley, in particular around the Duisburg area, which is home to the continent’s largest steelworks, run by Thyssenkrupp...
...Thyssenkrupp, the ailing German industrial group, expects to swing to its first annual adjusted profit in three years, thanks to a sharp increase in demand for steel and an economic rebound led by China....
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