Report
Fabian Semon

thyssenkrupp : Show me first – We wait until the terms and conditions of a potential steel deal are determined. Neutral rating & new € 7.0 target price (was € 9.0)

>Potential steel deal with EPH: the only, but not necessarily the best, solution? - We stick to our cautious view on thyssenkrupp, until we get clarity regarding the terms and conditions of a potential deal for Steel Europe. In the past, EPH (Kretinsky) was known for acquisitions in the field of (lignite-based) power generation capacities in Germany. Kretinsky was able to cut these deals at a decent discount, as regulatory pressure was high and appetite for CO2-intens...
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

Other Reports on these Companies
Other Reports from Oddo BHF
Ghada Ben Sedrine ... (+2)
  • Ghada Ben Sedrine
  • Nicolas David
Benoit Valleaux ... (+5)
  • Benoit Valleaux
  • Roland Pfaender
  • MBA
  • CFA
  • CCRA
Ghada Ben Sedrine ... (+2)
  • Ghada Ben Sedrine
  • Nicolas David

ResearchPool Subscriptions

Get the most out of your insights

Get in touch