Thyssenkrupp Eyeing Kloeckner & Co. -Manager Magazin
June 20 2019 - 8:21AM
Dow Jones News
--Thyssenkrupp is considering purchasing Kloeckner & Co. in
a bid to strengthen its own steel business, German business
magazine Manager Magazin reports.
--Thyssenkrupp hopes to use the funds raised in a planned public
listing of its elevator division to finance the acquisition,
according the publication.
--At 1138 GMT, shares in Kloeckner & Co trade 9.5% higher at
EUR5.35.
Full story in German: https://bit.ly/2Ksf6hl
Write to Barcelona editors at barcelonaeditors@dowjones.com
(END) Dow Jones Newswires
June 20, 2019 08:06 ET (12:06 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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