Thyssenkrupp's
logo is seen outside the elevator test tower in Rottweil, Germany, January 21,
2020. REUTERS/Michaela Rehle/File Photo Acquire
Licensing Rights
FRANKFURT,
Oct 3 (Reuters) - Thyssenkrupp's (TKAG.DE) top
shareholder expects involved stakeholders to soon decide on the future of the
German conglomerate's steel division, its head told a German newspaper.
Thyssenkrupp is looking
to divest its steel division and is holding talks with Czech billionaire Daniel
Kretinsky over a sale of up to half of the business, sources told Reuters
last week.
"All parties are
pursuing the independence of steel," Ursula Gather, who heads the board of
trustees of the Alfried Krupp von Bohlen und Halbach Foundation and also sits
on Thyssenkrupp's supervisory board, told Rheinische Post.
Advertisement ยท Scroll to continue
"Stalling is
certainly not an option for Thyssenkrupp. I can imagine that a decision will be
made in the foreseeable future," she said.
The foundation owns
21% of Thyssenkrupp, a stake currently worth 941 million euros ($988 million).
Gather said it was
possible that the charitable foundation would become a shareholder in a
separate steel business if there was a guarantee for sustainable dividends.