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Thyssenkrupp sells minority stake in steel unit

Thyssenkrupp will sell a 20% stake in its steel business to the energy holding controlled by Czech billionaire Daniel Kretinsky, a major breakthrough for the German conglomerate after years of unsuccessful attempts to divest the unit.
Business • 26 Apr 24

Thyssenkrupp cuts 5,000 more jobs as CEO warns of pain

German conglomerate Thyssenkrupp said it plans to cut another 5,000 jobs to stem losses across its sprawling empire after posting a €1.6 billion operating loss in its latest financial year.
Business • 19 Nov 20

Global M&A dwindles as coronavirus batters economies

Global mergers and acquisitions activity plunged 28% in the first quarter to its lowest level since 2016 as the devastating economic effects of the coronavirus pandemic took hold in March.
Business • 31 Mar 20

Thyssenkrupp, Tata Steel agree European steel merger

Germany's Thyssenkrupp and India's Tata Steel agreed today to merge their European steel operations in a preliminary deal that would create the continent's second biggest steelmaker.
Business • 20 Sep 17

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