Thyssen says aims to cut debt well below 4 bln eur

Newswire

FRANKFURT, Jan 23 (Reuters) - German steel and engineering group ThyssenKrupp said on Friday it was aiming to cut its debt to significantly below four billion euros ($5.1 billion) in its 2003/2004 business year. "The aim is to get debt well below four billion euros this fiscal year," Chief Executive Ekkehard Schulz told the group's annual general meeting. The world's largest stainless steel producer said earlier that pre-tax profit in its first quarter rose by around six percent, and ...

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