Miguel López : Thyssenkrupp CEO Does Not Exclude the Sale of the Majority of the Steel Division

Welt

Lean Right

Factuality

Ownership

In Germany, the name Thyssenkrupp is mainly associated with its steel business. However, the CEO no longer excludes that the Group could separate itself from the majority of the business. Other divisions are also to be separated.

berliner-sonntagsblatt.de

Factuality

Ownership

The long-established company Thyssenkrupp could divest itself of the majority of its steel division. CEO Miguel López has not ruled out reducing his stake to below 50 percent, as reported by "Welt am Sonntag." Asked whether co-owner EP Group, owned by Czech entrepreneur Daniel Kretinsky, could increase its stake beyond the previously planned half-share, López said: "One thing at a time. First, Thyssenkrupp Steel must negotiate the transformation…