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BREAKING NEWS

BREAKING NEWS

Thyssenkrupp shares erase gains made since elevator IPO reveal

Thyssenkrupp shares erase gains made since elevator IPO reveal
FILE PHOTO: A logo of Thyssenkrupp AG is pictured at the company's headquarters in Essen, Germany, November 21, 2018. REUTERS/Thilo Schmuelgen -
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Thilo Schmuelgen(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)

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