Thyssenkrupp has increased book value of 20% TK Elevator stake to 1.1 bln eur
May 15 (Reuters) - thyssenkrupp AG TKAG.DE:
THYSSENKRUPP CEO: SPIN OFF OF MARINE SYSTEMS DIVISION PLANNED FOR THIS YEAR
THYSSENKRUPP CEO: OUR STAKE IN MARINE SYSTEMS POST-SPIN OFF WILL BE ABOVE 51%
THYSSENKRUPP CEO: MATERIALS SERVICES DIVISION IS CORE BUSINESS
THYSSENKRUPP CEO: ARE IN CLOSE DISCUSSIONS WITH GOVERNMENT ABOUT MARINE SYSTEMS SPIN-OFF
THYSSENKRUPP CEO: STATE PARTICIPATION IS NO PRECONDITION FOR MARINE SYSTEMS SPIN-OFF, GOVERNMENT STAKE WOULD STILL BE POSITIVE MID-TERM
THYSSENKRUPP CFO: HAVE SO FAR BEEN ABLE TO FULLY PASS ON US IMPORT TARIFFS IN AUTO SEGMENT
THYSSENKRUPP CFO: HAVE NOT MADE ANY RESTRUCTURING PROVISIONS FOR STEEL SO FAR
THYSSENKRUPP CFO: HAVE INCREASED BOOK VALUE OF ELEVATOR STAKE TO 1.1 BILLION EUR, MARKET VALUE PROBABLY HIGHER
THYSSENKRUPP CFO: HOLD 20% STAKE IN TK ELEVATOR
THYSSENKRUPP CEO: WE EXPECT INCREASED INFLOWS OF CHEAP ASIAN STEEL IN EUROPE DUE TO US TARIFFS, CURRENTLY DIFFICULT TO ASSESS HOW SIGNIFICANT
THYSSENKRUPP CEO: CLARITY AROUND SCOPE OF STEEL RESTRUCTURING IS PRECONDITION FOR FURTHER SALE TALKS WITH DANIEL KRETINSKY
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