Report
Fabian Semon

thyssenkrupp : Long wished-for solution for tk SE around the corner? Promising first step, but Neutral rating maintained until the remaining uncertainties dissipate

>Rationale for the deal with EP? 1/ Energy trading expertise, 2/ promising pipeline of green energy projects and 3/ EP believes in the steel business in Germany - The partnership combines the thyssenkrupp Steel Europe’s materials capabilities with the energy expertise of EP Corporate Group for the decarbonisation of the steel industry (although most of EP's electricity currently comes from fossil fuels). In the future (fuelled by the shift from blast furnaces to DRI u...
Underlying
Thyssenkrupp AG

ThyssenKrupp is the parent company of the ThyssenKrupp Group. Co. has six business areas: Components Technology, which provides components for the automotive and machinery sectors; Elevator Technology, which supplies passenger and freight elevators, escalators and moving walks, passenger boarding bridges, stair and platform lifts; Industrial Solutions, which comprises the System Engineering and Marine Systems units; Materials Services, which focuses on materials distribution and technical services; Steel Europe, which develops, produces and markets flat carbon steel in the European market; and Steel Americas, which produces, processes and markets steel products in North and South America.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Fabian Semon

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