Thyssenkrupp explores further options to boost finances - memo

Credit: REUTERS/MICHAELA REHLE

July 17, 2020 — 08:41 am EDT

Written by Tom Kaeckenhoff for Reuters ->

DUESSELDORF, July 17 (Reuters) - Ailing conglomerate Thyssenkrupp TKAG.DE is exploring further options to shore up its finances, which have been substantially weakened by the fallout from the coronavirus crisis, its management told staff in a letter.

"From today's point of view a fast recovery of the industries we are serving is unlikely," the board said in the letter, dated July 17, that was obtained by Reuters.

(Reporting by Tom Kaeckenhoff; Writing by Christoph Steitz; Editing by Riham Alkousaa)

((christoph.steitz@thomsonreuters.com; +49 69 7565 1269; Reuters Messaging: christoph.steitz.thomsonreuters.com@reuters.net))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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