Thyssenkrupp, NSK joint venture talks terminated

NSK

12/05/2023 08:06

FRANKFURT, May 12 (Reuters) - Germamy's Thyssenkrupp
 TKAG.DE  and Japan's NSK  6471.T  have terminated discussions
over a possible automotive joint venture, the companies said on
Friday, exactly a year after first unveiling the talks.
    NSK, in a results presentation, said it instead signed a
joint venture agreement with corporate turnaround fund Japan
Industrial Solutions.
    
    

 (Reporting by Christoph Steitz, Editing by Friederike Heine)
 ((christoph.steitz@thomsonreuters.com; +49 30 220 133 647;))