Thyssenkrupp says Kretinsky's 20% holding in steel unit is reversible-February 2024-www.financetom.com

Thyssenkrupp says Kretinsky's 20% holding in steel unit is reversible

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Thyssenkrupp says Kretinsky's 20% holding in steel unit is reversible

Jan 31, 2025 7:48 AM

DUESSELDORF, Jan 31 (Reuters) - Thyssenkrupp's

CEO said on Friday that the purchase of 20% in the German

industrial group's steel business by a holding of Czech

billionaire Daniel Kretinsky can be reversed if talks over a

deeper collaboration fail.

Speaking at ThyssenKrupp's annual shareholder meeting, CEO

Miguel Lopez said that there is a fallback agreement to wind

down his investment if the two sides fail to agree on 50/50

shared ownership in the embattled steel business as planned.

(Reporting by Tom Kaeckenhoff in Duesseldorf

Writing by Ludwig Burger

Editing by Miranda Murray

)

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