BRIEF-Thyssenkrupp has increased book value of 20% TK Elevator stake to 1.1 bln eur-February 2024-www.financetom.com

BRIEF-Thyssenkrupp has increased book value of 20% TK Elevator stake to 1.1 bln eur

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BRIEF-Thyssenkrupp has increased book value of 20% TK Elevator stake to 1.1 bln eur

May 26, 2025 8:19 AM

May 15 (Reuters) - thyssenkrupp AG:

* THYSSENKRUPP CEO: SPIN OFF OF MARINE SYSTEMS DIVISION

PLANNED

FOR THIS YEAR

* THYSSENKRUPP CEO: OUR STAKE IN MARINE SYSTEMS POST-SPIN

OFF WILL

BE ABOVE 51%

* THYSSENKRUPP CEO: MATERIALS SERVICES DIVISION IS CORE

BUSINESS

* THYSSENKRUPP CEO: ARE IN CLOSE DISCUSSIONS WITH GOVERNMENT

ABOUT

MARINE SYSTEMS SPIN-OFF

* THYSSENKRUPP CEO: STATE PARTICIPATION IS NO PRECONDITION

FOR

MARINE SYSTEMS SPIN-OFF, GOVERNMENT STAKE WOULD STILL BE

POSITIVE MID-TERM

* THYSSENKRUPP CFO: HAVE SO FAR BEEN ABLE TO FULLY PASS ON

IMPORT TARIFFS IN AUTO SEGMENT

* THYSSENKRUPP CFO: HAVE NOT MADE ANY RESTRUCTURING

PROVISIONS FOR

STEEL SO FAR

* THYSSENKRUPP CFO: HAVE INCREASED BOOK VALUE OF ELEVATOR

STAKE TO

1.1 BILLION EUR, MARKET VALUE PROBABLY HIGHER

* THYSSENKRUPP CFO: HOLD 20% STAKE IN TK ELEVATOR

* THYSSENKRUPP CEO: WE EXPECT INCREASED INFLOWS OF CHEAP

ASIAN

STEEL IN EUROPE DUE TO US TARIFFS, CURRENTLY DIFFICULT TO ASSESS

HOW SIGNIFICANT

* THYSSENKRUPP CEO: CLARITY AROUND SCOPE OF STEEL

RESTRUCTURING IS

PRECONDITION FOR FURTHER SALE TALKS WITH DANIEL KRETINSKY

Further company coverage:

(Frankfurt newsroom)

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