The deconsolidation of Steel Europe revealed much lower and falling profits for the remaining group and it seems to us that a sizeable amount of cash has to be injected into the joint-venture with Tata by ThyssenKrupp which allows the latter to pass a sizeable amount of pension obligations to it. We are not sure whether this deal is paying off in the short-term. It will hopefully pay off once the steel industry returns to a bear market.
09 Aug 2018
Steel Europe shown as discontinued and earnings are down
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Steel Europe shown as discontinued and earnings are down
thyssenkrupp AG (TKR:WBO) | 0 0 0.4% | Mkt Cap: 14,231m
- Published:
09 Aug 2018 -
Author:
Hans-Peter Wodniok -
Pages:
3
The deconsolidation of Steel Europe revealed much lower and falling profits for the remaining group and it seems to us that a sizeable amount of cash has to be injected into the joint-venture with Tata by ThyssenKrupp which allows the latter to pass a sizeable amount of pension obligations to it. We are not sure whether this deal is paying off in the short-term. It will hopefully pay off once the steel industry returns to a bear market.