2020-07-17 11:48:10 TKAMY Thyssenkrupp
07/17/20 07/1711:48 07/17/2011:48 | Thyssenkrupp eyes new ways to bolster balance sheet, Reuters saysThyssenkrupp is looking for new ways to bolster its balance sheet, including through state aid programs, after its finances took a hit during the COVID-19 pandemic, Reuters' Tom Kaeckenhoff reports, citing a company memo. Proceeds of EUR17.2B from the sale of an elevator business to a consortium led by Advent and Cinven in February would only provide a brief reprieve for the company, the author says, citing the memo management sent to staff dated July 17. "With the losses already accumulated in the current financial year, our leeway for shaping our future is significantly smaller than we had assumed prior to the crisis," the memo said. Reference Link |
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