Thyssen plans to divest assets with 7 bln eur sales

Newswire

FRANKFURT, May 19 (Reuters) - German steel and engineering group ThyssenKrupp AG said on Monday it would dispose of businesses with combined sales of seven billion euros in a bid to further cut its high debt levels. The world's biggest stainless steel producer said in a statement after a supervisory board meeting that it was aiming for group sales of 40-46 billion euros ($47-54 billion) in the medium term through organic growth and selective acquisitions. Thyssen also said it had bought ...

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