Germany’s ThyssenKrupp will increase its capital by 10 per cent in a sale of new shares to bolster its balance sheet ahead of a planned deal with India's Tata Steel. Last week, the two firms agreed to combine their European steel operations in a move to create the continent’s second-largest steel company with revenues of about 15 billion euros ($18 billion). Thyssenkrupp plans to issue 56,593,794 new no-par-value bearer shares to obtain “the financial leeway to support organic growth” in its industrial goods business, the firm said on ...
ThyssenKrupp to raise capital by 10% ahead of Tata Steel deal
Thyssenkrupp plans to issue 56,593,794 new no-par-value bearer shares