Reuters offered insight into how the announcement by Thyssenkrupp CEO Guido Kerkhoff of plans to list its prized elevators unit set off a battle for the conglomerate’s future that could test Germany’s brand of “social market” capitalism. Now Thyssenkrupp’s future is in play, with activist investors on the one side baying for a restructuring of the group to drive up value, and its top shareholder – the charitable Krupp foundation – and workers on the other side with a mandate to protect the unity of the company and jobs.
Reuters insight: Turmoil at Thyssenkrupp marks battle for Germany’s economic identity
17 May 2019, 12:00 am 1 minute
Type: Reuters Best
Regions: Europe / Middle East / Africa