BERLIN, March 21 (Reuters) – Thyssenkrupp’s (TKAG.DE) supervisory board is at odds over the right strategy for its steel business, business daily Handelsblatt reported on Tuesday, citing company sources.
CEO Martina Merz wants to present plans for the group to separate its steel division at a special supervisory board meeting on March 31, but some on the management team and trade union IG Metall want to keep it and declare the unit the group’s core business, Handelsblatt said.
Thyssenkrupp shares were up 2.2% in pre-market trade at Lang&Schwarz after the report.
Merz, with the help of mandated investment bank Goldman Sachs, has attracted the interest of the financial investor CVC Capital Partners, Handelsblatt added.
CVC Capital Partners wants to offer just one euro for the steel division, several people familiar with the transaction told the paper.
CVC would make investment commitments and assume pension liabilities worth billions.
Thyssenkrupp is also hoping for an offer from Brazil’s CSN, the newspaper added. The project is still in its early stages, however, and an audit has not yet taken place.
Thyssenkrupp declined to comment when contacted by Reuters.
Writing by Paul Carrel; editing by Jason Neely
Our Standards: The Thomson Reuters Trust Principles.
Getting a contractor to build your new house is an exciting time. You are finally able to make the home of your dreams and live in it for many years! However, t
When launching a new business, the ability to make a great first impression is priceless. To do this, though, you may feel that it is necessary to create the il
New Ventures Maine in partnership with Main Street Bath and GoDaddy Inc. has opened registration for the Grow Your Business Online program for fall 2023.
SPRINGFIELD, Mo. – The owner of a Kirbyville, Mo., towing company was sentenced in federal court today for leading a conspiracy to illegally tamper with the e