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thyssenkrupp AG (TKA.DE)

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4.9740-0.0420 (-0.84%)
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  • Reuters

    Thyssenkrupp considering Marine Systems deal with Carlyle

    (Reuters) -Thyssenkrupp is considering selling a stake in its Marine Systems unit which builds naval ships and submarines to investment firm Carlyle, the German conglomerate said on Tuesday. "With the active involvement of Carlyle, we are now taking the necessary next step and starting the phase of an open-ended assessment of the relevant business activities," Executive Board member Volkmar Dinstuhl said in a statement. The Marine Systems unit has an enterprise value of between 1.2-1.6 billion euros ($1.3-1.7 billion), sources familiar with the matter said.

  • Reuters

    UPDATE 1-Thyssenkrupp evaluates Carlyle's bid for marine unit

    Thyssenkrupp on Tuesday said it has entered a due diligence phase on the potential partial sale of its marine unit with investment firm Carlyle . "With the active involvement of Carlyle, we are now taking the necessary next step and starting the phase of an open-ended assessment of the relevant business activities," Thyssenkrupp's Executive Board member Volkmar Dinstuhl said in a statement. The sale to Carlyle is one of the several options that the firm is currently considering, he added.

  • Reuters

    Thyssenkrupp steel workers warn against big restructuring

    Thyssenkrupp's labour representatives on Wednesday warned the German conglomerate's management against cutting jobs or capacity as part of an expected sale of its steel division. Concerned Thyssenkrupp may take such steps as part of a planned partial sale to Czech energy group EPH, workers said they had hired a consultancy to come up with future scenarios that would preserve the steel unit's current size and scope. "We are not ruling anything out, but it remains clear to us that we want to keep Stahl in its current size," Tekin Nasikkol, who heads Thyssenkrupp's works council and sits on the group's supervisory board, said in a handout seen by Reuters.