التفاصيل البيبلوغرافية
| العنوان: |
Thyssenkrupp Steel Deal With Kretinsky Held Back by Auto Talks. |
| المؤلفون: |
Henning, Eyk, Wilkes, William |
| المصدر: |
Bloomberg.com; 11/10/2023, pN.PAG-N.PAG, 1p |
| مصطلحات موضوعية: |
STEEL, AUTOMOBILE industry, CONTRACT negotiations, ORGANIZATIONAL performance, NEGOTIATION |
| مصطلحات جغرافية: |
DUISBURG (Germany) |
| الشركة/الكيان: |
THYSSENKRUPP AG |
| مستخلص: |
Thyssenkrupp AG's planned sale of half its steel business to Czech billionaire Daniel Kretinsky may be delayed due to difficult negotiations with key customers. Kretinsky is waiting to see the outcome of steelmakers' contract talks with car companies before finalizing the deal. The negotiations with automakers could last until the end of the year and will impact the performance of the business. Kretinsky's preliminary offer for a 50% stake in the steel unit values the business at less than its pension liabilities, so Thyssenkrupp may need to inject cash into the unit to avoid a negative equity value. The deal is not guaranteed, as labor representatives on Thyssenkrupp's supervisory board have the power to slow or block it. Workers also have concerns about whether Kretinsky will invest the estimated €1 billion needed to modernize the Duisburg plant and transition to decarbonized steel production. [Extracted from the article] |
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| قاعدة البيانات: |
Complementary Index |
