Previous close | 6.30 |
Open | 6.38 |
Bid | 6.23 x 0 |
Ask | 6.36 x 0 |
Day's range | 6.23 - 6.41 |
52-week range | 4.18 - 9.20 |
Volume | |
Avg. volume | 1,692,343 |
Market cap | 3.916B |
Beta (5Y monthly) | 2.14 |
PE ratio (TTM) | 3.66 |
EPS (TTM) | 1.72 |
Earnings date | N/A |
Forward dividend & yield | 0.15 (2.39%) |
Ex-dividend date | 06 Feb 2023 |
1y target est | N/A |
Salzgitter is not in discussions with Thyssenkrupp about a steel merger, its chief executive said, responding to what sources have said are renewed efforts by the German conglomerate to sell its steel division. Sources told Reuters last week that Thyssenkrupp had revived efforts to explore a divestment of Steel Europe, which the company has been wanting to list, merge or spin off for most of the past two decades. "So far I have not seen any economic and industrial concept that is so convincing that I would propose it to our shareholders," Gunnar Groebler said when asked about the appeal of a tie-up of the country's top steelmakers.
BERLIN/FRANKFURT (Reuters) -German industrial group Thyssenkrupp is making renewed efforts to divest its steel division and is working with Goldman Sachs to explore options, according to two people close to the matter. The company, whose products range from car parts to submarines, had put the idea of spin-off of the business on ice last year following failed efforts to list, sell or find a merger partner for what is Europe's second-largest steelmaker. Thyssenkrupp believes that a standalone solution, whether a sale, merger or spin-off, is the best solution for the volatile steel business, which will require billions in investments over the coming years to switch to carbon-free production.
By Scott Kanowsky