|Bid||711.50 x 0|
|Ask||0.00 x 0|
|Day's range||702.20 - 717.95|
|52-week range||372.85 - 734.90|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
IG Metall, Germany's largest trade union called on Thyssenkrupp's (TKAG.DE) management to provide guarantees for jobs, plants and future investments in relation to a planned European steel tie-up with Tata Steel (TISC.NS). In an information leaflet seen by Reuters, IG Metall said management had failed to address employees' concerns about their future once the joint venture goes ahead next year. Under these circumstances we cannot approve of this joint venture," IG Metall said, adding it expected management to respond to its demands by Nov. 10.
In an information leaflet seen by Reuters, IG Metall said management had failed to address employees' concerns about their future once the joint venture goes ahead next year. Under these circumstances we cannot approve of this joint venture," IG Metall said, adding it expected management to respond to its demands by Nov. 10. Thyssenkrupp and Tata Steel in September announced plans for a joint venture that would create Europe's second-largest steelmaker after ArcelorMittal (LSE: 0NSF.L - news) .
Tata Steel Ltd.’s India head T.V. Narendran has been appointed global chief executive officer and managing director as the steelmaker returns to profitability, and sets about implementing an agreement with Thyssenkrupp ...
REUTERS - Tata Steel Ltd (TISC.NS) has promoted T.V. Narendran as chief executive officer and managing director globally, the company said on Tuesday. Narendran, 52, a company veteran who joined the Tata ...
(Reuters) - India's Tata Steel Ltd posted a Sept-quarter profit, boosted by strong volume growth following the ramp-up of its Kalinganagar plant in India. Consolidated quarterly total steel deliveries ...
Tata Steel Ltd. swung to a profit in the second quarter as the Indian mill benefited from a recovery in global steel prices and an increase in volumes, although it missed analyst estimates.
The works council of Tata Steel Netherlands said on Friday it opposed preliminary plans by Tata Steel and Thyssenkrupp to combine their European steelmaking operations into a joint venture (JV) and would fight to block it if necessary. Works council chairman Frits van Wieringen said that, after viewing the two companies' memorandum of understanding, he was concerned they intend to dissolve the Dutch subsidiary, which would strip away legal protections, and then lay off workers.
Tata Steel (TISC.NS) and Thyssenkrupp (TKAG.DE) have no plans to spin off their pending European steel joint venture within the next two to three years, Tata's managing director said on Monday. Markets widely expect the longer-term aim of the merger is an initial public offering that would give the two companies a way to exit the volatile European steel business, but Tata Steel ruled that out in the near term. "Definitely no IPO in the next two to three years," T.V. Narendran, Tata's managing director for India and South East Asia, told Reuters at the World Steel Association general assembly in Brussels.
Labour leaders remain sceptical about a planned merger of Thyssenkrupp's European steel operations with those of Tata Steel, following the first meeting of a working group set up to convince workers to back the deal. Thyssenkrupp and Tata Steel last month announced plans for a joint venture that would create Europe's second-largest steelmaker after ArcelorMittal. To appease workers, whose approval is crucial to Thyssenkrupp's Chief Executive Heinrich Hiesinger, a group of board members and labour representatives was set up shortly after the announcement.
DUESSELDORF, Germany, Oct (Shenzhen: 000069.SZ - news) 13 (Reuters) - Labour leaders remain sceptical about a planned merger of Thyssenkrupp (IOB: 0O1C.IL - news) 's European steel operations with those of Tata Steel (BSE: TATASTEEL.BO - news) , following the first meeting of a working group set up to convince workers to back the deal. Thyssenkrupp and Tata Steel last month announced plans for a joint venture that would create Europe's second-largest steelmaker after ArcelorMittal (LSE: 0NSF.L - news) . To appease workers, whose approval is crucial to Thyssenkrupp's Chief Executive Heinrich Hiesinger, a group of board members and labour representatives was set up shortly after the announcement.
REUTERS - The NSE Nifty rose nearly 1 percent on Friday, its biggest daily gain in over seven weeks, with Tata Steel Ltd (TISC.NS) climbing on strong quarterly production numbers, as investors awaited ...
FRANKFURT/DUESSELDORF (Reuters) - North Rhine-Westphalia, Germany's most populous state and home to Thyssenkrupp, said on Wednesday it was confident a deal between workers and management could be reached to push through a steel merger with Tata Steel. Thyssenkrupp and India's Tata Steel last month agreed to merge their European steel operations to create a business with revenues of 15 billion euros ($17.6 billion), the second business steelmaker on the continent after ArcelorMittal. Armin Laschet, state premier of North Rhine Westphalia, said he did not think Supervisory Board Chairman Ulrich Lehner would have to use his casting vote to push through the deal, adding those involved were trying to "find a solution everyone can say yes to in the end".
Thyssenkrupp (TKAG.DE) will guarantee that workers will be equally represented following the planned merger of its European steel operations with Tata Steel's (TISC.NS), its chief executive told a German newspaper. "German steelworkers will keep their co-determination just the way it is today," Heinrich Hiesinger told Bild. Thyssenkrupp and India's Tata Steel last month agreed to merge their European steel operations, creating the continent's No.2 steelmaker with revenues of 15 billion euros (13.30 billion pounds).
LONDON/FRANKFURT (Reuters) - Plagued by poor earnings, Britain's biggest steel plant, located in Port Talbot, is likely to be first in line for job and output cuts after the planned European merger of Thyssenkrupp (TKAG.DE) and Tata Steel (TISC.NS), industry sources told Reuters. Germany's Thyssenkrupp and India's Tata Steel have signed a memorandum of understanding for a 50-50 joint venture which, if approved, would forge Europe's No.2 steelmaker after ArcelorMittal (MT.AS), with sales of around 15 billion euros (13.26 billion pounds). The merger was driven chiefly by a need to address chronic overcapacity in Europe's steel market and should conclude late next year.
A cluster of 'superfunds' created by pooling £1.5trn of assets in existing retirement schemes offers the best route to mitigate Britain's growing pensions crisis, a City taskforce will say this week. Sky News has learnt that a committee established by the Pensions and Lifetime Savings Association (PLSA) will follow up an earlier report by warning that the current system with thousands of smaller defined benefit (DB) schemes operating independently is "placing the retirement savings of millions...at risk". The taskforce's final report will paint a stark picture of the challenges facing businesses as they attempt to close their yawning pension deficits, citing the crises at companies such as BHS, Woolworths and Tata Steel (BSE: TATASTEEL.BO - news) .
FRANKFURT/DUESSELDORF, Sept 26 (Reuters) - Thyssenkrupp (Amsterdam: TH6.AS - news) raised almost 1.4 billion euros ($1.7 billion) in a share placing on Tuesday to help fund the industrial goods businesses that will stay with the firm after the planned merger of its steel operations with Tata Steel (BSE: TATASTEEL.BO - news) next year. "We will use that time to strengthen our industrial goods businesses right away," said Chief Executive Heinrich Hiesinger. Thyssenkrupp makes everything from car components, ships and industrial plants to elevators and submarines.
Thyssenkrupp AG raised almost 1.4 billion euros from institutional investors on Monday in a share sale to bolster its balance sheet ahead of a planned merger with India's Tata Steel. The two firms agreed ...
Germany's Thyssenkrupp will increase its capital by 10 percent in a sale of new shares to bolster its balance sheet ahead of a planned deal with India's Tata Steel. The two firms agreed last week to combine ...
ESSEN, Germany/MUMBAI, Sept 20 (Reuters) - Germany's Thyssenkrupp and India's Tata Steel agreed on Wednesday to merge their European steel operations, creating the continent's No.2 steelmaker with revenues of 15 billion euros ($18 bln). The deal, which is preliminary, will help the companies address overcapacity in Europe's steel market, which faces cheap imports, subdued construction demand and inefficient legacy plants.
ThyssenKrupp and Tata plan to merge their European steel operations to create the continent's second biggest maker producing 21 million tonnes of steel per year.
Tata Steel (BSE: TATASTEEL.BO - news) and German industrial group Thyssenkrupp (IOB: 0O1C.IL - news) have signed a memorandum of understanding in what marks the first step towards a merger of the two companies. An announcement on the move made on Wednesday morning said Thyssenkrupp and Tata's European operations would join forces in a 50/50 venture which could see some job losses further down the line in the UK. Tata Steel, which is Britain's biggest steel producer, hit the headlines last year when it put its entire UK operations up for sale amid a deteriorating industry environment.
Britain and its trade unions called on Wednesday for Germany's Thyssenkrupp (IOB: 0O1C.IL - news) and India's Tata Steel (BSE: TATASTEEL.BO - news) to keep previous commitments to safeguard Welsh jobs when they merge their European steel operations. The fate of Tata's British businesses, including the UK's largest steelworks at Port Talbot in Wales, has been uncertain since Tata Steel said more than a year ago it planned to sell the British assets following heavy losses. In a joint statement, business minister Greg Clark and Roy Rickhuss, chair of the National Trade Union Steel Co-ordinating Committee said they welcomed the move "as long as commitments to safeguard jobs and extend blast furnace operations over the long term at Port Talbot were maintained".
Germany's Thyssenkrupp will account for its 50 percent stake in a steel joint venture with Tata Steel using the at-equity method once the planned deal closes, flattering its balance sheet, it said on Wednesday. ...
Thyssenkrupp (IOB: 0O1C.IL - news) 's works council is prepared to consider a merger of the group's European steel operations with those of Tata Steel, it said on Tuesday, softening its no-go rhetoric over the consolidation plan. Chief Executive Heinrich Hiesinger says a joint venture is the best way to take overcapacity out of the volatile steel market, and said he has no plan B despite reported calls from various investors, including activist firm Cevian, to consider a break-up instead. Hiesinger has faced stiff opposition from labour leaders over the issue, who have campaigned against the move for months on fears of job losses.