TKA.DE - ThyssenKrupp AG

XETRA - XETRA Delayed price. Currency in EUR
21.92
-0.16 (-0.75%)
At close: 5:35PM CET
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Previous close22.08
Open22.06
Bid0.00 x 142800
Ask0.00 x 10700
Day's range21.80 - 22.18
52-week range20.74 - 27.07
Volume3,033,966
Avg. volume3,033,209
Market cap13.646B
Beta2.21
PE ratio (TTM)N/A
EPS (TTM)-1.10
Earnings date14 Feb 2018
Forward dividend & yield0.16 (0.53%)
Ex-dividend date2017-01-30
1y target estN/A
  • Reutersyesterday

    Thyssenkrupp workers increase pressure in Tata Steel JV talks

    Labour representatives have piled pressure on Thyssenkrupp in talks over the group's planned European steel joint venture with India's Tata Steel, saying they remained concerned over jobs and plants. Thyssenkrupp and Tata Steel in September announced plans for a joint venture that would create Europe's second-largest steelmaker after ArcelorMittal. Earlier this month, IG Metall, Germany's largest trade union called on management to provide guarantees for jobs, plants and future investments and has requested an independent review over whether the joint venture will be able to survive on its own.

  • Reuters - UK Focus2 days ago

    Thyssenkrupp workers increase pressure in Tata Steel JV talks

    Labour representatives have piled pressure on Thyssenkrupp (IOB: 0O1C.IL - news) in talks over the group's planned European steel joint venture with India's Tata Steel (BSE: TATASTEEL.BO - news) , saying they remained concerned over jobs and plants. 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) . Earlier this month, IG Metall, Germany's largest trade union called on management to provide guarantees for jobs, plants and future investments and has requested an independent review over whether the joint venture will be able to survive on its own.

  • Top trade union demands guarantees in Thyssen-Tata steel JV
    Reuters16 days ago

    Top trade union demands guarantees in Thyssen-Tata steel JV

    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.

  • Reuters - UK Focus16 days ago

    Top trade union demands guarantees in Thyssen-Tata steel JV

    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, Thyssenkrupp will not spin off joint venture in next 2-3 years
    Reuterslast month

    Tata Steel, Thyssenkrupp will not spin off joint venture in next 2-3 years

    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.

  • Reuters - UK Focuslast month

    Workers remain sceptical about Thyssen-Tata steel deal

    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.

  • Reuters2 months ago

    Thyssenkrupp trumpets uplifting demand for next-generation elevators

    Thyssenkrupp (TKAG.DE), trying to transform itself into a technology group, is attracting strong demand for its next-generation elevators, which operate without steel cables or ropes, it said on Friday. The German group is banking on MULTI as well as internet-connected elevators as it strives to become a technology conglomerate and shift away from its core steelmaking business, which it plans to merge with Tata Steel (TISC.NS). "Demand is gigantic," Andreas Schierenbeck, chief executive of Thyssenkrupp Elevator, the group's most profitable business unit, told Reuters.

  • Reuters2 months ago

    Thyssenkrupp unions fear loss of rights in Tata deal structure

    Labour bosses at Germany's Thyssenkrupp (TKAG.DE) said workers' legal say in strategic decisions at the corporate level could be diluted in the planned holding structure for the new venture with India's Tata Steel (TISC.NS). Unions at Thyssenkrupp have opposed the deal and are concerned more steel jobs may go in the long term in addition to as many as 4,000 job losses already announced as part of the merger. In a statement published late on Thursday, the German group's works council welcomed a pledge by chief executive Heinrich Hiesinger to stand by workers' so-called co-determination rights but were sceptical about how this would play out under the joint venture's future holding structure.

  • Reuters2 months ago

    Thyssenkrupp's home state confident deal can be reached over Tata Steel

    FRANKFURT/DUESSELDORF (Reuters) - North Rhine-Westphalia, Germany's most populous state and home to Thyssenkrupp (TKAG.DE), said on Wednesday it was confident a deal between workers and management could be reached to push through a steel merger with Tata Steel (TISC.NS). 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 (13.29 billion pounds), the second business steelmaker on the continent after ArcelorMittal (MT.AS). 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 creates new business unit for forging activities
    Reuters2 months ago

    Thyssenkrupp creates new business unit for forging activities

    German engineering and steel group Thyssenkrupp (TKAG.DE) has created a new unit for its global forging activities in a bid to cater to new industries and cut reliance on combustion engine parts, which still account for a large part of its business. The unit, forged technologies, was formed Oct. 1, the start of Thyssenkrupp's fiscal year, and has about 7,000 employees and sales of more than 1 billion euros ($1.2 billion), with 18 production sites and distribution in more than 70 countries. It is attached to Thyssenkrupp's components business division and will be managed from the group's headquarters in Essen.

  • Reuters2 months ago

    Thyssenkrupp creates new business unit for forging activities

    German engineering and steel group Thyssenkrupp (TKAG.DE) has created a new unit for its global forging activities in a bid to cater to new industries and cut reliance on combustion engine parts, which still account for a large part of its business. The unit, forged technologies, was formed Oct. 1, the start of Thyssenkrupp's fiscal year, and has about 7,000 employees and sales of more than 1 billion euros ($1.2 billion), with 18 production sites and distribution in more than 70 countries. It is attached to Thyssenkrupp's components business division and will be managed from the group's headquarters in Essen.

  • Reuters2 months ago

    Thyssenkrupp to protect labor representation in Tata deal - Bild

    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).

  • Reuters - UK Focus2 months ago

    Thyssenkrupp raises $1.7 bln to fund industrial goods businesses

    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.

  • Reuters - UK Focus2 months ago

    Thyssenkrupp raises 1.4 bln euros via share sale

    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 ...

  • Reuters - UK Focus2 months ago

    Thyssenkrupp to raise capital ahead of Tata deal

    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 ...

  • ThyssenKrupp steelworkers protest against Tata tie-up
    AFP2 months ago

    ThyssenKrupp steelworkers protest against Tata tie-up

    Workers unite in steely opposition to Thyssenkrupp's deal with Tata

  • Reuters - UK Focus2 months ago

    Thyssenkrupp, Tata Steel agree to forge Europe's No. 2 steelmaker

    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-Tata steel merger sets scene for jobs battle
    AFP2 months ago

    ThyssenKrupp-Tata steel merger sets scene for jobs battle

    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 takes first step towards German Thyssenkrupp merger
    Sky News2 months ago

    Tata Steel takes first step towards German Thyssenkrupp merger

    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.

  • Reuters - UK Focus2 months ago

    GLOBAL MARKETS-Stocks notch up new high but it's all about the Fed

    World stocks eked out a record high on Wednesday and the dollar dipped against major rivals with the focus on a U.S. Federal Reserve meeting that may give clues to whether the central bank will raise interest rates for a third time this year. Wall Street was set to open flat, index futures indicated , as European shares edged lower.

  • ThyssenKrupp, Tata to merge European steel operations
    AFP2 months ago

    ThyssenKrupp, Tata to merge European steel operations

    German heavy industry giant ThyssenKrupp (headquarters pictured in Essen) and Indian group Tata have agreed to merge their steel operations in Europe

  • Reuters - UK Focus2 months ago

    Thyssenkrupp says steel JV stake to be consolidated at equity

    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. ...

  • Reuters - UK Focus2 months ago

    Thyssenkrupp works council softens opposition to Tata Steel deal

    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.

  • Reuters - UK Focus2 months ago

    Labour leaders warn of breakup of Thyssenkrupp - leaflet

    Steel workers will meet in the western city of Bochum on Sept. 22 to demonstrate against the planned joint venture, the preferred option of Thyssenkrupp boss Heinrich Hiesinger. Thyssenkrupp's supervisory board is scheduled to discuss the plans a day later, the eve of a German national election. In a joint leaflet calling on workers to participate in the demonstrations, Germany's biggest trade union IG Metall and Thyssenkrupp's works council said that the company as a whole was at risk.

  • Reuters - UK Focus2 months ago

    Thyssenkrupp's home state in favour of Tata Steel tie-up

    The government of North Rhine-Westphalia, home to engineering and steel group Thyssenkrupp, has come out in favour of the group's planned merger of its European steel operations with those of Tata Steel (BSE: TATASTEEL.BO - news) . "The potential merger with Tata is an opportunity to tie up with a strong partner in Europe," the state's Economy Minister Andreas Pinkwart, a member of the pro-business Free Democratic Party, said in a parliamentary session on Wednesday.

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