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Infrastructure

Thyssenkrupp expects joint venture with Tata Steel to fail

Updated : May 10, 2019 02:05 PM IST

Chief Executive Guido Kerkhoff is abandoning the proposal to split Thyssenkrupp into two because its low share price has made a cross-shareholding structure unworkable, these sources said.
Thyssenkrupp is instead considering a new approach, involving a holding structure and a carve-out or partial listing of its elevators division, they added.
Thyssenkrupp expects joint venture with Tata Steel to fail
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