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

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By Reuters
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)

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.

(Reporting by Tom Kaeckenhoff; Writing by Christoph Steitz; Editing by Maria Sheahan)