STOCKS NEWS EUROPE-Thyssen seen up on U.S. talks, cartel deal
Shares in ThyssenKrupp (LSE: 0O1C.L - news) are indicated to rise 1.5 percent to the top of Germany's blue-chip DAX index after the company pushes back its annual results as talks to sell its U.S. steel plant enter the home stretch and settles a row over its role in a rail cartel.
"The postponement of the presentation of the annual financial statement is a major surprise," DZ Bank analyst Dirk Schlamp says. "And when it comes to the compensation payment (for the rail cartel), the company comes away with just a black eye."
ThyssenKrupp's efforts to sell two plants in the Americas and negotiations with state-owned railway Deutsche Bahn over compensation for the steelmaker's role in a rail cartel have been hanging over ThyssenKrupp and prevented it from launching what is seen as a much-needed capital increase.
Reuters messaging rm://maria.sheahan.thomsonreuters.com@reuters.net