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Speculation on steel fusion between Thyssenkrupp and Kone
The shares of the German workshop conglomerate ThyssenKrupp increased strongly due to the latest speculations about a bid from the Finnish elevator operator Kone at ThyssenKrupp's unit for hoisting.
The price increase is over 7 per cent after the Thyssen group share lost over 40 per cent of its value in one year.
Thyssen group, with the financier Christer Gardells Cevian as the big owner, interrupted newly plans to move off his industrial activity from the conglomerate's steel unit to instead open up for a spin-off of the elevator unit.
Four sources spoken by Reuters say that the main track is still a listing of the lift unit, to withdraw money and restructure the group. Check out for more information here: https://www.thyssenkrupp-materials.co.uk
Thyssen group, with Alfried Krupp von Bohlen and the Halbach foundation as the largest owner, manufactures besides the elevator systems, among other things, steel, ball bearings and submarines.