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D The chairman of the Thyssen-Krupp steel group, Heinrich Hiesinger, announced his resignation. Heinrich Hiesinger had asked the supervisory board for discussions that would lead to the dissolution of his mandate, the company announced Essener after Thursday in an ad hoc statement with.
On Friday the supervisory board is advised on the request, it was also in the Dax Group Communication. There was no reason for Hiesinger's request. The Thyssen-Krupp course reacted positively in a first reaction. The most was on the Tradegate trading platform at one percent.
Thyssen-Krupp recently brought his steel company into a joint venture with Indian rival Tata Steel. Hiesinger was in the wake of the merger with competitor Tata repeatedly under pressure because shareholders like the US hedge fund Elliott or Cevian Capital had asked for more speed in the long-announced restructuring of the Ruhr group
. this 58-year-old man, head of Thyssen-Krupp for seven years, the agreement with Tata is a release long awaited. In a context of global overcapacity in steel, competitors are regrouping to form the second largest steel group in Europe. Hiesinger actually wanted to present to the Supervisory Board next week his strategic plans for the conglomerate after the merger.
Thyssen-Krupp and Tata will each hold, as a first step, 50% of the merged steel company with a turnover of about 17 billion dollars. euros and around 48,000 employees.
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