thyssenkrupp AG (0O1C.IL)
- Reuters
Thyssenkrupp rebuffs union claims regarding steel stake sale
Thyssenkrupp on Monday rejected allegations by labour representatives that it failed to adequately inform workers about its plans to sell a stake in its steel unit to Czech energy firm EPCG, adding to growing tension between the two sides. The comments underline the fragile relationship between management and unions in Thyssenkrupp's long-running effort to divest its steel business, a part of the group where workers have been particularly influential. Thyssenkrupp, meanwhile, said it had been clear for months that the group was in talks with EPCG, which is controlled by Czech billionaire Daniel Kretinsky.
- 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.
