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Thyssenkrupp pools businesses to be sold or shut down

FILE PHOTO: The logo of German steelmaker ThyssenKrupp AG is seen on an escalator at Frankfurt's main railways station in Frankfurt

FRANKFURT (Reuters) - Thyssenkrupp on Monday said it would pool units that it plans to sell or shut down while singling out three businesses that will definitely stay within the group: materials services, industrial components and car parts.

The announcement comes as part of a strategy update to restore investor confidence, and the group said it was also exploring partnerships and other consolidation options for its steel division.


(Reporting by Christoph Steitz; Editing by Tom Sims)