By Reuters
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FRANKFURT (Reuters) – Shares in German industrial conglomerate Thyssenkrupp on Friday fell 3.8% to 11.32 euros per share, erasing all of the gains it made after announcing a partial listing of its elevator division earlier this month.
Shares had surged 28.2% on May 10 after the announcement, which was welcomed by analysts and investors after a previous strategy — a spin off of its capital goods businesses — failed to revive the group’s fortunes.
(Reporting by Christoph Steitz; Editing by Thomas Seythal)