Thyssenkrupp keeping options open on steel, plant divisions
2020-11-02 09:38:33 [Print]
Thyssenkrupp is keeping its options open regarding the prospective sale of its steel and plant divisions, the management board said in a letter to staff last Friday, adding that the outcome of talks was unclear.
"We are a long way from our goal and will have to go further through the 'red zone'," said the letter that called on the German industrial conglomerate's workforce to be patient.
Essen-based Thyssenkrupp is considering a non-binding offer for its loss-making steel unit from commodities tycoon Sanjeev Gupta's Liberty Steel. It is also exploring sale options for its Multi-Track plant unit.
"We are in the middle of a process that contains multiple options," the letter said, adding that this strategy has helped secure a high price in the sale of its profitable elevators unit earlier this year. "From our point of view, it is right to keep our options open for a long time."
"We are a long way from our goal and will have to go further through the 'red zone'," said the letter that called on the German industrial conglomerate's workforce to be patient.
Essen-based Thyssenkrupp is considering a non-binding offer for its loss-making steel unit from commodities tycoon Sanjeev Gupta's Liberty Steel. It is also exploring sale options for its Multi-Track plant unit.
"We are in the middle of a process that contains multiple options," the letter said, adding that this strategy has helped secure a high price in the sale of its profitable elevators unit earlier this year. "From our point of view, it is right to keep our options open for a long time."
