TKA.DU - THYSSENKRUPP AG O.N.

Dusseldorf - Dusseldorf Delayed Price. Currency in EUR
23.59
+0.17 (+0.70%)
At close: 2:00PM CEST
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Previous Close23.42
Open23.54
Bid0.00 x 0
Ask0.00 x 0
Day's Range23.50 - 23.59
52 Week Range20.25 - 26.96
Volume73
Avg. Volume581
Market CapN/A
BetaN/A
PE Ratio (TTM)N/A
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
  • Tata Steel, Thyssenkrupp will not spin off joint venture in next 2-3 years
    Reuters5 days ago

    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.

  • Reuters15 days 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.

  • Reuters16 days 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.

  • Reuters17 days 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
    Reuters18 days 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.

  • Reuters18 days 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.

  • Reuters18 days 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).

  • The Wall Street Journal26 days ago

    [$$] Thyssenkrupp to Raise Capital by 10%

    German industrial company Thyssenkrupp said Monday it would increase its share capital by 10%, a move that could raise as much as EUR1.4 billion (about $1.67 billion) in proceeds.

  • The Wall Street Journallast month

    [$$] Thyssenkrupp, Tata Seal Long-Awaited European Steel Deal

    Germany’s Thyssenkrupp and India’s Tata Steel unveiled plans to fuse their steelmaking businesses in Europe—a move the two have discussed for years amid a glut of steel in the region that has depressed ...

  • The Wall Street Journallast month

    [$$] Thyssenkrupp: A Success Story for European Activism

    Thyssenkrupp’s move to join its European steel operations with those of Tata Steel paves the way for a more investor-friendly structure but investors shouldn’t bank on speedy results.

  • European steel merger could see 4,000 jobs axed
    Associated Presslast month

    European steel merger could see 4,000 jobs axed

    BERLIN (AP) — Germany's Thyssenkrupp and Tata Steel of India signed a preliminary deal on Wednesday to merge their European steel operations, a combination that could lead to up to 4,000 job cuts.

  • Reuterslast month

    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.

  • The Wall Street Journallast month

    [$$] European Corporate Roundup

    Maersk has sold its tankers unit for $1.17 billion, the latest move by the Danish conglomerate to break up its sprawling operations.

  • TheStreet.comlast month

    Thyssenkrupp and Tata Steel Sign Agreement to Merge Steel Units

    Thyssenkrupp and Tata Steel have signed an MoU to create Europe's second-largest steel producer.

  • Thyssen and Tata Sign Deal to Forge Europe’s No. 2 Steelmaker
    Bloomberglast month

    Thyssen and Tata Sign Deal to Forge Europe’s No. 2 Steelmaker

    Thyssenkrupp AG and Tata Steel Ltd. reached a tentative deal to merge their European steel businesses in a bid to create the region’s second-largest producer and tackle overcapacity in the industry.

  • Reuterslast month

    Thyssenkrupp sees boost for steel from shift to electric cars

    Thyssenkrupp's European steel business, expected to be merged soon with its counterpart at Tata Steel, will get a boost from the auto industry's shift towards electric vehicles, a senior executive at the group said. Investors and analysts are closely watching any hints from Thyssenkrupp over the restructuring of its steel operations in Europe, with many expecting a merger could mark the first step towards a full exit of the business.