UPDATE 3-Thyssen buys back Iran shares under U.S. pressure

Newswire

(Adds background on Iran stake, plan to sell shares in market) By Nick Tattersall FRANKFURT, May 19 (Reuters) - German steel and engineering group ThyssenKrupp AG has been forced to pay almost three times 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 on Monday it had paid 406 million euros ($473 million), or around 24 euros per share, to buy back just under 17 million shares from ...

Premium Content (PAID Subscription Required)

"UPDATE 3-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!


For WardsAuto.com pricing and subscription information please contact
Amber McLincha by email: amclincha@wardsauto.com or phone: (248) 799-2622
 

Current subscribers, please login or CLICK for support information.

Already registered? here.

Sponsored Introduction Continue on to (or wait seconds) ×