Thyssenkrupp CEO: no taboos in steel consolidation plans

FILE PHOTO: Martina Merz, CEO of German conglomerate Thyssenkrupp AG, gestures during the annual shareholders meeting in Bochum, Germany, January 31, 2020. REUTERS/Wolfgang Rattay/File Photo

FRANKFURT (Reuters) – Thyssenkrupp’s CEO on Tuesday said there were no taboos in plans to consolidate its steel unit, with options ranging from selling a majority to buying peers.

“Nothing is off-limits anymore,” Martina Merz said after unveiling late on Monday that the group was in talks with steel peers about consolidation options.

Reporting by Christoph Steitz; editing by Thomas Seythal

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