UPDATE 2-ThyssenKrupp steel unit to invest 692 mln euros

Newswire

(Adds detail on shares, Transrapid) FRANKFURT, June 26 (Reuters) - German industrial group ThyssenKrupp AG said on Thursday its core steel unit would invest more than 692 million euros ($794 million) over the next few years, mostly in property, plant and equipment. ThyssenKrupp Steel, the world's leading producer of stainless steel, said in a statement the 2003 investment round had been approved by its supervisory board and would be financed from its operating cash flow. "The remaining ...

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