UPDATE 2-Thyssen buys back Iran shares under U.S. pressure

Newswire

(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 ...

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