(Recasts with Iran stake, sources on disposals, analyst) By Nick Tattersall FRANKFURT, May 19 (Reuters) - German steel and engineering group ThyssenKrupp AG said on Monday it had paid three times current market prices to buy back shares owned by Iran in a bid to protect its business in the United States. The world's biggest stainless steel producer said it had paid 406 million euros ($473 million), or around 24 euros per share, to buy back just under 17 million shares from IFIC Holding ...
Premium Content (PAID Subscription Required)
"UPDATE 2-Thyssen buys back Iran shares under U.S. pressure" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.