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Thyssenkrupp chairman rules out breakup in blow to activist investors

Reuters  |  FRANKFURT 

FRANKFURT (Reuters) - Thyssenkrupp's supervisory board chairman lashed out at activist investors in an interview following the resignation of Chief Executive Heinrich Hiesinger last week, saying a breakup of the conglomerate was out of the question."I think this would be a totally wrong move," Ulrich Lehner told German weekly paper Die Zeit.He added that there were no plans to divest the group's elevator unit, its most profitable business. "Crown jewels ... are only sold in times of need. There is no need (at Thyssenkrupp)."His comments target Cevian and Elliott, two of the company's largest ...

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First Published: Wed, July 11 2018. 17:49 IST