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Thyssenkrupp


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Germany, India look to boost ties on defence, green energy

UPDATE 3-Germany, India look to boost ties on defence, green energy Scholz wants deeper defence ties with India India, Germany work on renewable energy projects, Modi says Scholz pushes for swift progress on India-EU free trade deal Adds Modi, Scholz comments, details; paragraphs 8-10,17; adjusts keyword used by media clients to INDIA-GERMANY/SCHOLZ By Shivangi Acharya and Christian Kraemer NEW DELHI, Oct 25 (Reuters) - German Chancellor Olaf Scholz wants to deepen defence ties with New Delhi an
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Luerssen, Rheinmetall among potential suitors for Thyssenkrupp marine unit, sources say

UPDATE 2-Luerssen, Rheinmetall among potential suitors for Thyssenkrupp marine unit, sources say Changes sourcing, adds Thyssenkrupp comment Oct 23 (Reuters) - German shipbuilder Luerssen and defence group Rheinmetall RHMG.DE could emerge as potential suitors for the warship division of conglomerate Thyssenkrupp TKAG.DE , two people familiar with the matter said.
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Luerssen, Rheinmetall floated as options to buy Thyssenkrupp marine unit, reports Handelsblatt

Luerssen, Rheinmetall floated as options to buy Thyssenkrupp marine unit, reports Handelsblatt Oct 23 (Reuters) - German shipbuilder Luerssen has expressed interest in bidding for the warship division of stricken conglomerate Thyssenkrupp TKAG.DE , the Handelsblatt newspaper reported Wednesday, adding that talks were also being held with Rheinmetall RHMG.DE .
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Carlyle quits bidding process for Thyssenkrupp marine arm

EXCLUSIVE-Carlyle quits bidding process for Thyssenkrupp marine arm Thyssenkrupp now focusing on spin-off of unit TKMS Remains open to industrial partnerships Thyssenkrupp shares down as much as 3.7% Adds comment from German economy ministry in paragraph 7 By Christoph Steitz FRANKFURT, Oct 22 (Reuters) - Private equity firm Carlyle CG.O has dropped out of a bidding process for the warship division of stricken conglomerate Thyssenkrupp TKAG.DE , the German company said on Tuesday.
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Carlyle drops out of bidding process for Thyssenkrupp marine unit

EXCLUSIVE-Carlyle drops out of bidding process for Thyssenkrupp marine unit Thyssenkrupp now focusing on spin-off of unit TKMS Remains open to industrial partnerships Thyssenkrupp shares down as much as 3.7% Adds details throughout By Christoph Steitz FRANKFURT, Oct 22 (Reuters) - Private equity firm Carlyle CG.O has dropped out of an ongoing bidding process for the warship division of stricken conglomerate Thyssenkrupp TKAG.DE , the German company said on Tuesday.
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Volkswagen Signs MoU With Thyssenkrupp For Green Steel Supply

BRIEF-Volkswagen Signs MoU With Thyssenkrupp For Green Steel Supply Oct 22 (Reuters) - Volkswagen AG VOWG_p.DE : VOLKSWAGEN GROUP AND THYSSENKRUPP STEEL SIGN MOU TO SUPPLY CO₂-REDUCED STEEL FROM THE FUTURE DIRECT REDUCTION PLANT DELIVERIES SET TO BEGIN IN 2028 AND WILL THEN BE GRADUALLY EXPANDED Further company coverage: [VOWG_p.DE] (Gdansk Newsr
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Carlyle drops out of bidding process for Thyssenkrupp marine unit

EXCLUSIVE-Carlyle drops out of bidding process for Thyssenkrupp marine unit FRANKFURT, Oct 22 (Reuters) - Carlyle CG.O has dropped out of an ongoing bidding process for the warship division of stricken conglomerate Thyssenkrupp TKAG.DE , the German company said on Tuesday. "We can confirm that the investment company Carlyle Group has informed us that it is withdrawing from the bidding process for the investment in Thyssenkrupp's marine division," Thyssenkrupp said in a statement.
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Indian shares set to open higher; Street reaction to key earnings eyed

INDIA STOCKS-Indian shares set to open higher; Street reaction to key earnings eyed Oct 21 (Reuters) - Indian shares are set to open marginally higher on Monday, with market reaction to the earnings of top private lender HDFC Bank HDBK.NS , as well as Kotak Mahindra Bank KTKM.NS and Tech Mahindra TEML.NS in focus. The Gift Nifty GIFc1 was trading at 24,927.5 as of 07:14 a.m.
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Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions Adds JSW Steel; Updates Fuji Soft Oct 18 (Reuters) - The following bids, mergers, acquisitions, and disposals were reported by 2 000 GMT on Friday: ** Indian steel producer JSW Steel JSTL.NS said on Friday its joint venture firm entered into a deal to buy thyssenkrupp Electrical Steel India for $482.1 million.
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India's JSW Steel to acquire thyssenkrupp Electrical Steel India via JV

India's JSW Steel to acquire thyssenkrupp Electrical Steel India via JV Oct 18 (Reuters) - Indian steel producer JSW Steel JSTL.NS said on Friday its joint venture firm entered into a deal to buy thyssenkrupp Electrical Steel India for $482.1 million. Jsquare Electrical Steel Nashik is a 50:50 joint venture between JSW Steel and Japanese steel producer JFE Steel Corp.
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German economy minister urges quick end to Thyssenkrupp steel crisis

German economy minister urges quick end to Thyssenkrupp steel crisis BERLIN, Oct 9 (Reuters) - Thyssenkrupp TKAG.DE must quickly fix the crisis surrounding at its steel unit, including creating clarity around a 3 billion euro ($3.3 billion) green steel project co-funded by the government, Economy Minister Robert Habeck said on Wednesday. Thyssenkrupp has put a proposed direct reduction plant at its steel hub in Duesburg - two thirds of which will be funded with public money - under review, stoki
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Titan Signs Engineering Contract With Thyssenkrupp Polysius For Carbon Capture Project

BRIEF-Titan Signs Engineering Contract With Thyssenkrupp Polysius For Carbon Capture Project Oct 9 (Reuters) - Titan Cement International SA TITC.BR : TITAN GROUP SIGNS ENGINEERING CONTRACT WITH THYSSENKRUPP POLYSIUS FOR LARGE-SCALE CARBON CAPTURE PROJECT THYSSENKRUPP POLYSIUS WILL DESIGN AND EQUIP THE TWO KILN LINES OF THE KAMARI PLANT WITH OXYFUE
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Thyssenkrupp Wins Engineering Contract For Carbon Capture Project

BRIEF-Thyssenkrupp Wins Engineering Contract For Carbon Capture Project Oct 9 (Reuters) - THYSSENKRUPP AG TKAG.DE : WINS ENGINEERING CONTRACT FOR ONE OF THE LARGEST CARBON CAPTURE PROJECTS IN EUROPE EXPECTED COMMISSIONING AT THE END OF 2029 THYSSENKRUPP POLYSIUS SUPPLIES STATE-OF-THE-ART CO2 SEPARATION TECHNOLOGY TO TITAN GROUP FOR LARGE SCALE CARB
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German federal and state governments to provide additional funding for Thyssenkrupp green steel production

German federal and state governments to provide additional funding for Thyssenkrupp green steel production BERLIN, Oct 8 (Reuters) - Germany's federal government and the state of North Rhine-Westphalia will provide millions of euros in additional funding for Thyssenkrupp's move to hydrogen-powered steel production, Handelsblatt reported on Tuesday, citing company sources.
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Germany's Thyssenkrupp reviewing green steel production plans

UPDATE 3-Germany's Thyssenkrupp reviews green steel production plans, shares fall Adds North Rhine-Westphalia in paragraph 8 FRANKFURT, Oct 7 (Reuters) - Germany's Thyssenkrupp TKAG.DE said on Monday it is reviewing its plans for the production of green steel , casting doubt over its ambitions to use hydrogen in its push to decarbonise what is one of the most polluting industrial processes.
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Thyssenkrupp reviews plans for green steel production

Thyssenkrupp reviews plans for green steel production FRANKFURT, Oct 7 (Reuters) - Thyssenkrupp TKAG.DE is reviewing plans for production of green steel , the German conglomerate said late on Sunday, responding to a report that it was considering halting a 3-billion-euro ($3.3 billion) decarbonisation project. The crisis-ridden company is currently reviewing the business plan for its steel division, TKSE, including plans for its "green transformation", which refers to the carbon-neutral producti
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Thyssenkrupp loses fight against EU veto of Tata Steel JV

UPDATE 1-Thyssenkrupp loses fight against EU veto of Tata Steel JV Adds Thyssenkrupp statement from paragraph 4 BRUSSELS, Oct 4 (Reuters) - German conglomerate Thyssenkrupp TKAG.DE on Friday lost its fight against a European Union antitrust veto five years ago of its proposed joint venture with Tata Steel TISC.NS , which was aimed at creating Europe's second-largest steelmaker.
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Thyssenkrupp loses fight against EU veto of Tata Steel JV

Thyssenkrupp loses fight against EU veto of Tata Steel JV BRUSSELS, Oct 4 (Reuters) - German conglomerate Thyssenkrupp TKAG.DE on Friday lost its fight against a European Union antitrust veto five years ago of its proposed joint venture with Tata Steel TISC.NS , which was aimed at creating Europe's second-largest steelmaker. The Luxembourg-based Court of Justice of the European Union (CJEU), Europe's highest, sided with the European Commission and dismissed Thyssenkrupp's appeal entirely, the ju
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Thyssenkrupp steel head prepares staff for 'tough' cuts

Thyssenkrupp steel head prepares staff for 'tough' cuts FRANKFURT, Sept 28 (Reuters) - Thyssenkrupp's TKAG.DE 27,000 steel workers must brace for deep cuts, the new head of the conglomerate's steel division told a German newspaper, setting the stage for significant layoffs. "Tough cuts are necessary. We have to become more profitable," Dennis Grimm, spokesperson for Thyssenkrupp Steel Europe's (TKSE) executive board, told Westdeutsche Allgemeine Zeitung (WAZ) in an interview.
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Volkswagen cuts 2024 outlook as car demand falters

UPDATE 3-Volkswagen cuts 2024 outlook as car demand falters Volkswagen now expects profit margin of around 5.6% Outlook cut comes amid tough pay talks with unions BMW, Mercedes-Benz also slashed outlooks in September Adds details, context from paragraph 7 By Christoph Steitz and Christina Amann FRANKFURT/BERLIN, Sept 27 (Reuters) - Volkswagen VOWG_p.DE cut its annual outlook for the second time in less than three months on Friday, citing a weaker-than-expected performance at its passenger car di
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