Business Standard

Germany's embattled Thyssenkrupp plans to split company in two: board


AFP Frankfurt Am Main (Germany)
The board of German industrial conglomerate Thyssenkrupp hopes to split the historic group into two listed companies, executives said in a statement Thursday.
"The executive board will suggest to the supervisory board on Sunday... splitting the group into two significantly more focused and effective firms," they said.
"The industrial goods and the raw materials businesses will each become independent, listed companies.

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First Published: Sep 27 2018 | 8:30 PM IST

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