Half of Thyssenkrupp's pension liabilities tied to steel - CFO

Reuters · 05/11/2023 07:30
Half of Thyssenkrupp's pension liabilities tied to steel - CFO

- Around half of Thyssenkrupp's TKAG.DE 5.7 billion euros ($6.27 billion) in pension liabilities are tied to the group's steel division, which is up for sale, the company's finance chief Klaus Keysberg told journalists on Thursday.

The size of steel-related pension liabilities, which have come down from 4 billion euros a few years ago, have been a hurdle to any deal to sell or hive off the business.



($1 = 0.9084 euros)


(Reporting by Christoph Steitz, Editing by Friederike Heine)

((christoph.steitz@thomsonreuters.com; +49 30 220 133 647;))