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The British company Liberty Steel wanted to submit an offer for the entire core business of the MDAX company on Friday, reported the “Spiegel” on Thursday evening after the market closed, citing its own information.
After the multi-billion dollar sale of the elevator division, the Ruhr area group would also part with its roots. The Indian Tata group and the Swedish SSAB group were also among the interested parties, the report said.
thyssenkrupp boss Martina Merz has so far left it open how she wants to solve the company’s problems in the steel sector, for example through a merger with a partner, a minority stake or a full sale. In mid-May she said that there were no “prohibitions to think”.
At the end of July, the Essen-based company had sold the elevator division to financial investors for a good 17 billion euros, thereby gaining financial freedom. thyssenkrupp has needed money for years to manage the restructuring of the company and to reduce debt. However, the Corona crisis is throwing the Essenes in the way of the original plans, they expect a billion-dollar loss in this financial year.
With a pre-trading price jump of 14 percent, thyssenkrupp’s shares reacted on Friday at the broker Lang & Schwarz to the report of a possible impending sale of the steel division.
After a horrific share price development of Thyssenkrupp, which reflects the chaos in the group, the report on the sale of the steel division holds great potential, according to a trader. A sale would de facto mean that Thyssenkrupp will split up, since the elevator business has already been sold and other areas are still up for sale.
The future of the steel business has recently made investors frown more often. A few days ago, IG Metall called for the state to enter the steel division of the traditional Essen company as a rescue measure. However, negative signals had come from politics.
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Image sources: thyssenkrupp AG
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