Thyssenkrupp AG Sponsored ADR (TKAMY)
Jindal sees subsidies as 'important' in potential takeover of Thyssenkrupp steel unit
Jindal Steel International sees government subsidies in Europe as "an important factor" in its strategy for a potential takeover of Thyssenkrupp's steel division (TKSE), the head of its European business told WirtschaftsWoche on Friday.
Thyssenkrupp steel head puts restructuring costs at several hundred million euros
Thyssenkrupp's steel division head, Marie Jaroni, estimates a restructuring deal that will cut or outsource about 11,000 jobs will cost the company a three-digit million-euro amount, she told the Frankfurter Allgemeine Zeitung newspaper.
Thyssenkrupp Steel Appoints Marie Jaroni as Chief Executive
The appointment comes a few weeks after Thyssenkrupp Steel's parent company received an offer for the business from Jindal Steel.
Thyssenkrupp's Warship Spinoff to List Next Week
TKMS is to start trading on the German stock exchange on Oct. 20, concluding the spinoff of a minority stake of the company.
Thyssenkrupp's defence unit TKMS to pay first dividend in 2027
TKMS, the defence division to be spun off by German conglomerate Thyssenkrupp , plans a payout ratio of 30 to 50% of net profit and wants to distribute its first dividend to shareholders in 2027, according to presentation slides.
Thyssenkrupp Nucera abandons US green hydrogen projects no longer deemed feasible -CEO
Thyssenkrupp Nucera is in intensive discussions with stakeholders in its U.S. projects and is abandoning those no longer deemed feasible due to tax and spending changes initiated by U.S. President Donald Trump, its CEO said on Wednesday.
thyssenkrupp: Continued Outperformance Justifies Profit-Taking (Rating Downgrade)
I invested in thyssenkrupp AG due to deep undervaluation despite its restructuring challenges, targeting a multi-year recovery for significant upside. My conviction in the bullish thesis paid off, with a 176% return since purchase, far outperforming the broader market. After triple-digit gains, further upside is much harder, and the stock's momentum has slowed since its recent peak.
Thyssenkrupp Nucera to Buy Key Technology Assets From Green Hydrogen Systems
Thyssenkrupp Nucera agreed to acquire technology assets from Danish company Green Hydrogen Systems for an undisclosed sum to boost its position in the global green hydrogen market.
Thyssenkrupp Steel Europe: US tariffs have limited impact but put pressure on trade
U.S. tariffs on steel have only a limited direct effect on Thyssenkrupp Steel Europe, the company said on Wednesday, but the increase in import duties brings with it pressure on trade relations more broadly, it warned.
Thyssenkrupp Plans to Become Holding Company of Independent Businesses
The industrial group wants to make all of its divisions independent and open to outside investment.
thyssenkrupp: Incremental Utilisation Improvements Possible, But Challenged Outlook
Thyssenkrupp's marine systems business has a good outlook, but the other businesses are struggling amid trade breakdowns and general economic malaise. The company which is big in steel is planning an overall capitulation in the business, permanently reducing supply, and looking to sell more of the business to outside investors. Restructuring in German businesses is tough since trade unions are strong in this market, and it could protract savings timelines.
Thyssenkrupp Shares Plunge on Expectations Miss
The steel and industrial company said that weak markets and high macroeconomic uncertainty weighed on its second-quarter performance.
