Thyssen soars on the Stock Exchange following the rumors circulating today about the possibility of carrying out a spin-off of the steel division.
According to what was revealed by the German newspaper Handelsblatt, the CEO Heinrich Hiesinger, within the next two months should officially announce the separation from the steel division, which has over 27 employees and covers about a fifth of the group's turnover.
In all likelihood, according to reports from the German newspaper, the number one of ThyssenKrupp would intend to integrate the steel division with the Indian Tata Steel Europe. Negotiations have been underway for some time and Hiesinger is expected to travel to India this month to discuss directly with Tata's manager, Natarajan Chandrasekaran, the chances of success of the operation.
In Frankfurt, investors appear to welcome the spin-off option. At 15.25 pm, the Thyssen share was up 4,16% at 25,91 euros, clearly beating the performance of the Dax 30 which rose by 0,87%.
