Thyssenkrupp raises book value of steel unit to $3.5 billion
12/05/2026 08:54
FRANKFURT, May 12 (Reuters) - Thyssenkrupp TKAG.DE is currently giving its steel division a book value of around 3 billion euros ($3.5 billion), the group's finance chief Axel Hamann told journalists on Tuesday, reflecting greater expectations for the business. In December, Thyssenkrupp had put the book value of Thyssenkrupp Steel Europe (TKSE) at 2.4 billion euros. ($1 = 0.8512 euros) (Reporting by Christoph Steitz, Editing by Friederike Heine) ((christoph.steitz@thomsonreuters.com; +49 30 220 133 647;))