TKA.DE - thyssenkrupp AG
| Previous close | 6.50 |
| Open | 6.65 |
| Bid | 6.92 x 142800 |
| Ask | 6.92 x 10700 |
| Day's range | 6.64 - 6.95 |
| 52-week range | 3.28 - 13.95 |
| Volume | 4,058,054 |
| Avg. volume | 4,847,473 |
| Market cap | 4.309B |
| Beta (5Y monthly) | 2.22 |
| PE ratio (TTM) | N/A |
| EPS (TTM) | -2.43 |
| Earnings date | 13 Aug 2020 |
| Forward dividend & yield | N/A (N/A) |
| Ex-dividend date | 04 Feb 2019 |
| 1y target est | 22.24 |
- Bloomberg
ThyssenKrupp Elevator $3.4 Billion Debt Sale Starts for Buyout
(Bloomberg) -- A group of six banks have launched the first part of the highly-anticipated jumbo debt sale backing the acquisition of ThyssenKrupp AG’s elevator unit, Europe’s largest leveraged buyout in a decade.The private equity firms that agreed to buy the division are seeking loans worth 3.05 billion euros ($3.4 billion) denominated in euros and U.S. dollars to part-finance the 17.2 billion euro buyout.Lead underwriters for the transaction are Barclays Plc, Credit Suisse Group AG, Deutsche Bank AG, Goldman Sachs Group Inc., Royal Bank of Canada, and UBS Group AG. The issue comes after bankers pre-marketed the deal to a group of investors in the past few days to gauge interest.Bankers are taking advantage of a swift rebound in debt markets to shift the debt that’s been weighing on their balance sheets since the first quarter. High-yield bonds and leveraged loans on both sides of the Atlantic have erased most of their losses since March and the markets have seen a flurry of offerings in recent weeks.The new loan helps fund the acquisition of ThyssenKrupp’s elevator unit by Advent International Corp. and Cinven Ltd., together with RAG-Stiftung. The purchase is due to close by the end of July.The debt package also includes senior secured bonds in dollars and euros, plus the equivalent of 1.7 billion euros in unsecured notes of which about 625 million euros has already been placed, Bloomberg has previously reported.On its latest earnings call, ThyssenKrupp didn’t offer too many details about the elevator business, besides noting that the division saw a small annual net sales decline in the three months to end-March, attributed to the coronavirus impact in China.In the loan market, the unit’s credit ratings will be watched closely by a large group of buyers, known as collateralized loan obligations. CLOs have been plagued by downgrades and may seek to add the business to their portfolios, depending on its rating.A lender call on the offering is scheduled for Tuesday. Investors have until July 1 to commit to the deal.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- Reuters
EU clears sale of Thyssenkrupp elevator division
Thyssenkrupp <TKAG.DE> on Thursday said that the European Commission has cleared the sale of its elevator division to a private equity consortium including Advent, Cinven [CINV.UL] and Germany's RAG foundation, paving the way for the deal's closing. "It has been contractually agreed with the buyers that the closing will take place by July 31, 2020," Thyssenkrupp said in a statement. The 17.2 billion euro (£15.5 billion) transaction, agreed in February, provides Thyssenkrupp with a badly needed injection of cash it needs to fund pension liabilities and to lower debt.
- Reuters
Thyssenkrupp's elevator division set for multi-billion euro debt issue - sources
Thyssenkrupp's <TKAG.DE> elevator division is set to launch a multi-billion euro high-yield debt package in the coming weeks to help finance its acquisition by a private equity consortium, four sources close to the matter told Reuters. Advent, Cinven and Germany's RAG foundation signed a 17.2 billion euro (£15.5 billion) deal to buy Thyssenkrupp's elevators division in late February, just as the coronavirus pandemic started to take hold in Europe. A successful deal would help cement one of the biggest leveraged buyouts by private equity firms of the past decade.
- Stockopedia
Brokers bullish on Thyssenkrupp Ag shares
The Thyssenkrupp Ag (ETR:TKA) share price has risen by 67.4% over the past month and it’s currently trading at 6.702. For investors considering whether to buy,...
- Reuters
Exclusive: RWE, Thyssenkrupp plan hydrogen production venture
Germany's RWE plans to produce hydrogen from renewable energy to supply steelmaker Thyssenkrupp, the two companies told Reuters. The alliance between two of Germany's heaviest polluters comes as Europe's largest economy maps out a future without nuclear or coal power. RWE is currently heavily reliant on coal but is able to enter the hydrogen business due to changes to Germany's laws as the government looks to boost hydrogen production.
- Reuters
'Nothing off-limits': Thyssenkrupp could sell steel business in historic shift
Thyssenkrupp <TKAG.DE> could sell most of its steelmaking division, its CEO said on Tuesday, marking a historic reversal in strategy for the German conglomerate which has built its 200-year-old legacy as an industrial champion on the business. "Nothing is off-limits anymore," Martina Merz said when asked by Reuters if Thyssenkrupp could a sell a majority stake in the steel business. Merz was speaking hours after announcing that the group was in talks with steel industry peers about consolidation options.
- Reuters - UK Focus
REFILE LIVE MARKETS-On the radar: Functioning capital markets?
You can share your thoughts Joice Alves (joice.alves@thomsonreuters.com) and Julien Ponthus (julien.ponthus@thomsonreuters.com) in London. A big difference with 2008 is that capital markets are open for business as today's news flow shows.
- Reuters - UK Focus
MORNING BID-There's no present, only the future
European shares have opened 1.8% higher, S&P500 is tipped to rise and Chinese shares have seized on signs of house price recovery and promises of more central bank stimulus to post their best gain in six trading days. All six European countries have lifted short-selling bans imposed during the selloff. Clearly, rather than look at reported data and company earnings, people are focusing squarely on what lies ahead beyond the second quarter – betting on resumption of economic activity, a pick-up in manufacturing, trade and driving.
- Reuters
Thyssenkrupp shares gain over steel business talks
Shares in German engineering and defence group Thyssenkrupp <TKAG.DE> soared on Monday morning after a source said the company is in talks with international peers about consolidating its loss-making steel business. The talks, to be unveiled as part of a strategy revamp on Monday that is likely to include shutting or selling assets, follow a 372 million euro($403 million) loss Thyssenkrupp Steel Europe posted in the first half of the group's fiscal year. Thyssenkrupp shares were up 6.3% at 0711 GMT, making it the biggest percentage gainer in the German mid-cap index MDAX <.MDAX>.
- Reuters
Ailing icon Thyssenkrupp seeks partners for steel, warship units
Thyssenkrupp <TKAG.DE> on Monday said it was looking for partners for its steel and warship divisions, singling out just three lines of businesses that will stay within the struggling German industrial icon. "Thyssenkrupp will emerge smaller but stronger from the transformation." Three divisions -- Materials Services, Industrial Components and Automotive Technology -- will stay with Thyssenkrupp and be developed by the firm.
- Reuters
Thyssenkrupp, union call for further consolidation in warship sector
Thyssenkrupp and Germany's largest union IG Metall on Thursday called for further consolidation of the country's warship sector, saying a tie-up of rivals Luerssen and German Naval Yards (GNYK) did not go far enough. Late on Wednesday, Luerssen and GNYK announced they would combine their defense divisions to create a national champion, a move that has backing from the German government. Thyssenkrupp had also sought to participate in the consolidation and board member Oliver Burkhard took to Twitter to call for further moves involving the conglomerate's Marine Systems division.
- Reuters
Exclusive: Thyssenkrupp, Fincantieri in talks to form warship champion - source
Thyssenkrupp <TKAG.DE> is exploring several strategic options for its warship unit, ranging from combining it with Italy's Fincantieri <FCT.MI> to creating a national champion with German peers, a person familiar with the matter said. The talks are aimed at creating economies of scale for the division, Thyssenkrupp Marine Systems (TKMS), which builds submarines and surface ships and operates in a highly fragmented sector driven by political decisions, the source said. As part of the deliberations, the steel-to-car parts conglomerate is in talks with shipbuilder Fincantieri about a 50-50 joint venture to create a European champion with combined sales of 3.4 billion euros ($3.7 billion), the person said.
- Reuters
German economy ministry open to supporting Thyssenkrupp - paper
The German government's "protective umbrella" for businesses is open to struggling conglomerate Thyssenkrupp <TKAG.DE>, which warned on Tuesday it faced a deep quarterly loss, the Rheinische Post newspaper quoted an Economy Ministry spokeswoman as saying. In a sign of just how tight the group's financial situation has become, Thyssenkrupp also said it secured a 1 billion euro credit line from German state-owned bank KfW to tide it over until it receives cash from the sale of its elevator division, expected by the end of September. The ministry spokeswoman told the Rheinische Post: "On the subject of Thyssenkrupp, the same applies as to all companies: We have put up a historical protective umbrella for companies to give them the best possible support during the corona(virus) crisis and to maintain Germany's economic strength."
- Reuters - UK Focus
LIVE MARKETS-Closing snapshot: 'Wait and see' mode
* Vodafone jumps as it keeps dividend Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters. You can share your thoughts Joice Alves (joice.alves@thomsonreuters.com) and Julien Ponthus (julien.ponthus@thomsonreuters.com) in London and Stefano Rebaudo (stefano.rebaudo@thomsonreuters.com) in Milan. The pan- European index and British blue chips closed the day in positive territory as investors welcome some upbeat earnings reports, yet the enthusiasm was limited as worries about the risk of a second wave of coronavirus infections due to the easing of some lockdown restrictions are keeping investors on their toes.
- Reuters - UK Focus
LIVE MARKETS-On the menu more QE
* Vodafone jumps as it keeps dividend Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters. You can share your thoughts Joice Alves (joice.alves@thomsonreuters.com) and Julien Ponthus (julien.ponthus@thomsonreuters.com) in London and Stefano Rebaudo (stefano.rebaudo@thomsonreuters.com) in Milan. In June, BoE will likely add £100bn of QE to the £200bn previously announced, while the ECB could also increase its €750bn PEPP envelope, Nomura says.
- Reuters - UK Focus
LIVE MARKETS-High frequency data: Economic stabilisation already under way
You can share your thoughts Joice Alves (joice.alves@thomsonreuters.com) and Julien Ponthus (julien.ponthus@thomsonreuters.com) in London and Stefano Rebaudo (stefano.rebaudo@thomsonreuters.com) in Milan. With stimulus plans kicking in and lockdowns easing gradually, barring of course a second wave of infections, an economic recovery is expected, but it will probably take time to show in macro data. According to asset manager Unigestion, which analyses also high frequency numbers, signs of stabilization are already visible.
- Reuters - UK Focus
LIVE MARKETS-Trump: Is the bark worse than the bite?
* Vodafone jumps 7.8% as it keeps dividend Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters. You can share your thoughts Joice Alves (joice.alves@thomsonreuters.com) and Julien Ponthus (julien.ponthus@thomsonreuters.com) in London and Stefano Rebaudo (stefano.rebaudo@thomsonreuters.com) in Milan. The U.S.-China trade tensions had fallen off the radar in recent months, but markets will hear more from it as the U.S. gear towards its November election.
- Reuters - UK Focus
LIVE MARKETS-Retail sector set for long term changes
You can share your thoughts Joice Alves (joice.alves@thomsonreuters.com) and Julien Ponthus (julien.ponthus@thomsonreuters.com) in London and Stefano Rebaudo (stefano.rebaudo@thomsonreuters.com) in Milan. The coronavirus outbreak is going to reshape some industries, as social distancing will change consumer behaviour and as a consequence company results. Airlines are already under scrutiny by analysts, but also the retail sector has come into the spotlight.
- Reuters - UK Focus
LIVE MARKETS-Opening snapshot: Germany, for better or for worse
You can share your thoughts Joice Alves (joice.alves@thomsonreuters.com) and Julien Ponthus (julien.ponthus@thomsonreuters.com) in London and Stefano Rebaudo (stefano.rebaudo@thomsonreuters.com) in Milan. Although they usually are indicators of a risk-off coronavirus session, defensive sectors like pharmaceuticals, utilities and telecoms are outperforming and helping the market rise and offset losses in travel and leisure notably. Thyssenkrupp was also the top loser for a while after its trading update.
- Reuters
Thyssenkrupp faces deep quarterly loss due to coronavirus, shares tank
German conglomerate Thyssenkrupp warned on Tuesday that its operating loss could swell to 1 billion euros ($1.1 billion) in the April to June quarter due to the coronavirus crisis. "We are eagerly waiting the strategy for the steel unit."
- Reuters - UK Focus
LIVE MARKETS-Closing snapshot: risk-off session on coronavirus fears
You can share your thoughts with Thyagaraju Adinarayan (thyagaraju.adinarayan@thomsonreuters.com), Joice Alves (joice.alves@thomsonreuters.com) and Julien Ponthus (julien.ponthus@thomsonreuters.com) in London and Stefano Rebaudo (stefano.rebaudo@thomsonreuters.com) in Milan. "It is mostly about Q1 results, which in many cases were stronger than expected and the possibility of dividend payments later this year," says Luca Rubini, managing director in Milan of Spanish investment firm Fidentiis.
- Reuters - UK Focus
LIVE MARKETS-Italian banks buck the trend and outperform
* Italian banks are outperforming Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters. You can share your thoughts with Thyagaraju Adinarayan (thyagaraju.adinarayan@thomsonreuters.com), Joice Alves (joice.alves@thomsonreuters.com) and Julien Ponthus (julien.ponthus@thomsonreuters.com) in London and Stefano Rebaudo (stefano.rebaudo@thomsonreuters.com) in Milan. The Italian banking sector is outperforming its peers across Europe on Monday as better-than-expected financial results and possible dividend payments lift sentiment.
- Reuters - UK Focus
LIVE MARKETS-Tech and defensives in the spotlight, for now
You can share your thoughts with Thyagaraju Adinarayan (thyagaraju.adinarayan@thomsonreuters.com), Joice Alves (joice.alves@thomsonreuters.com) and Julien Ponthus (julien.ponthus@thomsonreuters.com) in London and Stefano Rebaudo (stefano.rebaudo@thomsonreuters.com) in Milan. Inflation risk is not highly topical these days with the world facing a steep recession due to lockdowns, but the huge amount of stimulus which has been flooding into the economy and financial markets could raise some questions.
- Reuters - UK Focus
LIVE MARKETS-That spring optimism... Watch out!
You can share your thoughts with Thyagaraju Adinarayan (thyagaraju.adinarayan@thomsonreuters.com), Joice Alves (joice.alves@thomsonreuters.com) and Julien Ponthus (julien.ponthus@thomsonreuters.com) in London and Stefano Rebaudo (stefano.rebaudo@thomsonreuters.com) in Milan. Britain's blue chips and midcaps are also catching up with some Friday's gains as the London stock exchange was closed for a bank holiday on Friday when easing tensions between the world's two largest economies and better than expected U.S. unemployment data lifted markets in Europe.
- Reuters - UK Focus
LIVE MARKETS-Opening snapshot: EasyJet and Wirecard steal the show
You can share your thoughts with Thyagaraju Adinarayan (thyagaraju.adinarayan@thomsonreuters.com), Joice Alves (joice.alves@thomsonreuters.com) and Julien Ponthus (julien.ponthus@thomsonreuters.com) in London and Stefano Rebaudo (stefano.rebaudo@thomsonreuters.com) in Milan. France opens shops today after weeks of lockdown while the UK PM Johnson said on Sunday the lockdown will not end yet, but he announced some easing of restrictions encouraging people that can't work from home -especially in the manufacturing and construction sectors- to return to work. In terms of single stocks, EasyJet shares tumbled 7.1% to the bottom of the FTSE 100 and the STOXX 600 as Johnson said the UK would soon need to quarantine people flying into the country to prevent a coronavirus infections from abroad.
