Thyssenkrupp CEO: no taboos in steel consolidation plans

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May 19, 2020 #Auto and Truck Manufacturers (TRBC), #Automobiles / Auto Parts (Legacy), #Automobiles and Auto Parts (TRBC), #Company News, #Divestitures / Spin, #Europe, #Germany, #Guernsey, #Investment Management and Fund Operators (TRBC), #Italy, #Offs, #Private Equity Funds, #Restructuring / Reorganization, #Steel, #THYSSENKRUPP, #US

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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

Our Standards:The Thomson Reuters Trust Principles.

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