Thyssenkrupp AG raised almost 1.4 billion euros ($1.66 billion) from institutional investors on Monday in a share sale to bolster its balance sheet ahead of a planned merger with India's Tata Steel . The two firms agreed last week to combine their European steel operations in a move to create the continent's second-largest steelmaker with revenues of about 15 billion euros. Thyssenkrupp issued 56,593,794 new no-par-value bearer shares to obtain "the financial leeway to support organic growth" in its industrial goods business, the Essen, Germany-based ...
Thyssenkrupp raises 1.4 billion euros via share sale ahead of Tata deal
The two firms agreed last week to combine their European steel operations