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Thyssenkrupp junks split plan after investor pressure, to list elevators

Updated : May 10, 2019 05:04 PM IST

In September, Thyssenkrupp had said it would split into two separate divisions, with Thyssenkrupp Industrials spanning elevators, car parts and plant engineering, while Thyssenkrupp Materials focused on shipbuilding and materials trading.
Chief Executive Guido Kerkhoff ditched the proposal because Thyssenkrupp's low share price had made a cross-shareholding structure unworkable, three sources said.
Thyssenkrupp junks split plan after investor pressure, to list elevators

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