Thyssenkrupp must quickly present strategy, steel solution: Deka
WHTC - Conglomerate Thyssenkrupp must soon find a solution for its struggling steel unit and say how it will spend the 17.2 billion euros ($20.2 billion) in proceeds from the sale of its elevator division, a top-20 investor said.
"There has to be a solution for steel in the near term. It would be good if there was clarity until the next annual general meeting," said Ingo Speich, head of sustainability and corporate governance at Deka Investment, Thyssenkrupp's 11th-largest shareholder, who has been an outspoken critic of Thyssenkrupp's performance in the past.
Speich's remarks come ahead of the deal's closing, which sources say is expected on Friday.