Thyssenkrupp Mulls State Aid for Steel Division
ThyssenkruppReuters

Thyssenkrupp Mulls State Aid for Steel Division

Manager Magazin reported that Thyssenkrupp is mulling applying for state aid to strengthen its steel unit financially ahead of a spin-off. As per report, the

Manager Magazin reported that Thyssenkrupp is mulling applying for state aid to strengthen its steel unit financially ahead of a spin-off. As per report, the company has held preliminary talks with North Rhine-Westphalia's regional government on possible aid, but it will actively pursue the matter after the federal elections in September.

After terminating sale talks with Liberty, Thyssenkrupp is now focusing on cutting costs at its steel unit, Europe's second-largest, to catch up with rivals, hoping to eventually list the business or merge it with a peer.

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