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Thyssenkrupp shares up on steel spin-off speculation

FRANKFURT (Reuters) – Shares in Thyssenkrupp (DE:TKAG) rose on Monday as traders pointed to speculation that the group was considering…

By financial2020myday , in Stock Markets , at January 18, 2021

FRANKFURT (Reuters) – Shares in Thyssenkrupp (DE:TKAG) rose on Monday as traders pointed to speculation that the group was considering a spin-off of its steel unit.

Thyssenkrupp confirmed that it was examining a sale of the business as well as how it could develop the division on a standalone basis, declining to comment further.

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