Thyssenkrupp AG Sponsored ADR (TKAMY)
German powerhouse Thyssenkrupp books $1 billion impairment on struggling steel unit
Thyssenkrupp on Tuesday reported a 1-billion-euro ($1 billion) impairment on its struggling steel division.
Fincantieri open to "any form" of collaboration with Thyssenkrupp marine arm
Fincantieri is open to all types of collaboration with the warship division of conglomerate Thyssenkrupp , but it is up to Germany to decide on a strategy for the unit, the CEO of the Italian shipbuilder said on Wednesday.
Thyssenkrupp CFO: Spin-off of marine division possible in 2026
Thyssenkrupp is working on a spin-off of its warship division after private equity firm Carlyle dropped out as a bidder last week, the group's CFO said, flagging 2026 as a realistic time frame for when such a move could happen.
Exclusive: Thyssenkrupp has Plan B for steel if Kretinsky deal should fail, CFO says
Thyssenkrupp is focused on a 50:50 steel joint venture with Czech billionaire Daniel Kretinsky but will seek talks with other steelmakers should that deal falter, as the ailing conglomerate is sketching out a potential plan B for the unit.
India's JSW Steel to acquire thyssenkrupp Electrical Steel India via JV
Indian steel producer JSW Steel said on Friday its joint venture firm entered into a deal to buy thyssenkrupp Electrical Steel India for $482.1 million.
German economy minister urges quick end to Thyssenkrupp steel crisis
Thyssenkrupp must quickly fix the crisis surrounding at its steel unit, including creating clarity around a 3 billion euro ($3.3 billion) green steel project co-funded by the government, Economy Minister Robert Habeck said on Wednesday.
Thyssenkrupp reviews plans for green steel production
Thyssenkrupp is reviewing plans for production of green steel, the German conglomerate said late on Sunday, responding to a report that it was considering halting a 3-billion-euro ($3.3 billion) decarbonisation project.
Thyssenkrupp must renew commitment to $3.3 bln green steel project, Habeck says
Germany's Thyssenkrupp has to make a clear commitment to a planned 3 billion euro ($3.3 billion) green steel site, the country's Economy Minister Robert Habeck said only days after the company flagged the project may get more expensive.
Thyssenkrupp's $3.3 bln green steel plant could get more expensive
Thyssenkrupp's steel division on Thursday said a planned direct reduction site to produce carbon-free steel, which is so far expected to cost around 3 billion euros ($3.3 billion), could be more expensive than previously thought.
thyssenkrupp Is Getting Cheaper And Cheaper, But Is It A Buy?
thyssenkrupp shares have been on a downward trajectory for several years now. The company has a net cash position of EUR 3.2bn, but a market cap below EUR 2bn, meaning the market gives a negative value to the business. Efforts to divest the steel division keep running into obstacles, and large pension obligations hang over the financials.
Thyssenkrupp Nucera warns of hydrogen slowdown as uncertainy drags on
Thyssenkrupp Nucera on Tuesday warned that growth in the hydrogen sector was hit in the third quarter by a lack of regulatory certainty for the nascent technology, adding this held back investment decisions by customers.
Thyssenkrupp: looking into sale of steel joint venture HKM after receiving interest
Thyssenkrupp , Salzgitter and France's Vallourec are reviewing a sale of their steel joint venture HKM after they were approached by a potential buyer, Germany's largest steelmaker said on Friday.
