Thyssenkrupp to hold about 30 percent stake in spin-off group - union

FILE PHOTO: A logo of ThyssenKrupp AG is pictured outside the ThyssenKrupp headquarters in Essen, November 23, 2017. REUTERS/Thilo Schmuelgen/File Photo - Copyright Thilo Schmuelgen(Reuters)

By Reuters

Published on 04/10/2018 - 14:34•Updated 25/04/2024 - 07:58

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DUISBURG, Germany (Reuters) - Thyssenkrupp <TKAG.DE> will hold a stake of about 30 percent in Thyssenkrupp Industrials, its capital goods business to be spun off, a labour representative said on Thursday, which could potentially set the entity up for a future takeover.

The stake could be worth billions of euros and be sold in one go or several stages, Tekin Nasikkol, head of the works council of Thyssenkrupp Steel Europe and a member of Thyssenkrupp's supervisory board, told journalists.