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Thyssenkrupp has no plans for steel spin-off EGM this year - CFO

Published 04/02/2022, 13:12
Updated 04/02/2022, 13:17
© Reuters. FILE PHOTO: Thyssenkrupp AG's new company logo adorns it's headquarters in Essen, Germany, November 19, 2015.  REUTERS/Ina Fassbender
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© Reuters. FILE PHOTO: Thyssenkrupp AG's new company logo adorns it's headquarters in Essen, Germany, November 19, 2015.  REUTERS/Ina Fassbender

FRANKFURT (Reuters) - Thyssenkrupp (DE:TKAG) is not planning to hold an extraordinary shareholder meeting (EGM) this year that would be required to let investors vote on a possible spin-off of its steel unit, indicating such a move will not happen soon.

Speaking at the group's virtual annual general meeting, finance chief Klaus Keysberg said an EGM was not planned in the current business year, leaving open whether he was referring to Thyssenkrupp's fiscal year that ends in September.

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