Martina Merz, chief executive of German conglomerate Thyssenkrupp, told staff in a note that the company "is in a serious situation". It is currently closing a deal to sell its elevators business to two private equity backers for €17.2bn. Reuters  
Martina Merz, chief executive of German conglomerate Thyssenkrupp, told staff in a note that the company "is in a serious situation". It is currently closing a deal to sell its elevators business to tShow more

Economy

Thyssenkrupp overhaul must happen more quickly to get through pandemic crisis, CEO says

German engineering giant is in the midst of a restructuring process that will see its elevator business sold to private equity buyers for €17.2bn

Reuters

May 10, 2020

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