“Sz”: thyssenkrupp wants to raise money fast

Only a few days after the death of group patriarch berthold beitz, the company is preparing to sell up to one billion euros worth of shares to unsophisticated investors, the newspaper reported in its saturday edition. According to information from informed circles, internal preparations were in full swing and could be ready by september at the latest, possibly as early as august.

The RAG foundation, which handles the mining operations, was also able to join the group. She was able to help the krupp foundation retain its dominant influence at thyssenkrupp even after a capital increase. The krupp foundation owns 25.3 percent of the shares, but lacks the money to go along with a capital increase. Its share in the group and its influence were thus reduced.

The "suddeutsche" also wrote that it was conceivable that the RAG foundation would grant the krupp foundation a loan. Or the RAG foundation would buy directly into thyssen-krupp and combine its shares with those of the krupp foundation. The RAG foundation would not comment on the matter. A thyssenkrupp spokesman also declined to comment to the newspaper.

However, a report in the "rheinische post" on rumors of a possible sale of the european steel business was strictly denied. "This is nonsense. There was and is no talk of a sale of thyssenkrupp steel europe," the group announced at the weekend. The executive board had stressed several times in the past that the aim was to retain steel europe as part of thyssenkrupp. According to the newspaper, there have been talks with the russian oligarch viktor vekselberg.

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