Mon Oct 17, 2011
FRANKFURT Oct 17 (Reuters) - ThyssenKrupp has not yet made a decision on whether to spin off or float its stainless steel division, its chief executive told Reuters on Monday.
"All options remain open," Heinrich Hiesinger said at an event in Frankfurt.
The possible floation, spin-off or sale of the stainless steel is part of a 10 billion euro ($13.9 billion) divestment plan by ThyssenKrupp announced earlier this year to lower its debt pile.($1 = 0.721 Euros)
(sourced Reuters)
Showing posts with label stainless steel unit. Show all posts
Showing posts with label stainless steel unit. Show all posts
Monday, October 17, 2011
Wednesday, February 2, 2011
Aperam on cost-cutting diet
Wed, February 2, 2011
Bloomberg reported that Aperam, the stainless steel unit spun off from ArcelorMittal last week, aims to cut costs by USD 250 million over two years, more than the USD 110 million still left to make under a previous plan.
Mr Bernard Fontana CEO of Aperam said that the company, already present in 32 countries, was open to making acquisitions in Asia, though it doesn't have anything specific to talk about at the moment. (sourced:bloomberg)
Aperam to cut costs by USD 250 million through 2012 - CEO
Tuesday, 01 Feb 2011
Bloomberg reported that Aperam, the stainless steel unit spun off from ArcelorMittal last week, aims to cut costs by USD 250 million over two years, more than the USD 110 million still left to make under a previous plan.
Mr Bernard Fontana CEO of Aperam said that the company, already present in 32 countries, was open to making acquisitions in Asia, though it doesn't have anything specific to talk about at the moment.(sourced:bloomberg.net)
Subscribe to:
Posts (Atom)
Posts
