May 18, 2020 / 5:36 PM / 15 days ago

Thyssenkrupp pools businesses to be sold or shut down

FRANKFURT, May 18 (Reuters) - Thyssenkrupp on Monday said it would pool units that it plans to sell or shut down while singling out three businesses that will definitely stay within the group: materials services, industrial components and car parts.

The announcement comes as part of a strategy update to restore investor confidence, and the group said it was also exploring partnerships and other consolidation options for its steel division. (Reporting by Christoph Steitz; Editing by Tom Sims)

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