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Alfried Krupp von Bohlen und Halbach Stiftung supported Thyssenkrupp's Tata JV plans

Steel News - Published on Mon, 13 May 2019

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Alfried Krupp von Bohlen und Halbach Stiftung, Thyssenkrupp’s biggest shareholder with 21% stake, said it had supported the company’s management in its joint venture plans with India’s Tata Steel and the planned split up. It said “The statements of the board show that the company is in a challenging situation.”

Thyssenkrupp on Friday abandoned plans to hive off its steel business and split up the rest of the conglomerate after a lengthy battle with activist investors and regulators, opting to list its elevators division instead.

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Posted By : Sanju Moirangthem on Mon, 13 May 2019
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