German monthly business magazine Manager Magazin reported that Düsseldorf based ThyssenKrupp CEO Ms Martina Merz wants to have a vote on a spin-off of the steel division at the annual general meeting in February 2023. As per report, Ms Merz wants to give away all the shares except for a small stake to the existing shareholders of ThyssenKrupp. The magazine reported that the management board and supervisory board could officially approve the project in March 2022. The shareholders are expected to vote on the project at the general meeting in February 2023. If things go particularly well, so the plan, the spin-off could also be decided at an extraordinary meeting in November 2022.The journal added that it might result in a battle with the IG Metall Union and the works council.Ms Merz had stated in March that the steel unit should reduce prices to succeed in a degree the place it not wants monetary assist from the group. Ms Merz had put the future of the steel division up for grabs. In doing so, it does not rule out any possibilities including an IPO, a spin-off, a sale or a partnership.
German monthly business magazine Manager Magazin reported that Düsseldorf based ThyssenKrupp CEO Ms Martina Merz wants to have a vote on a spin-off of the steel division at the annual general meeting in February 2023. As per report, Ms Merz wants to give away all the shares except for a small stake to the existing shareholders of ThyssenKrupp. The magazine reported that the management board and supervisory board could officially approve the project in March 2022. The shareholders are expected to vote on the project at the general meeting in February 2023. If things go particularly well, so the plan, the spin-off could also be decided at an extraordinary meeting in November 2022.The journal added that it might result in a battle with the IG Metall Union and the works council.Ms Merz had stated in March that the steel unit should reduce prices to succeed in a degree the place it not wants monetary assist from the group. Ms Merz had put the future of the steel division up for grabs. In doing so, it does not rule out any possibilities including an IPO, a spin-off, a sale or a partnership.
