Thyssenkrupp explores further options to boost finances - memo

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Tom Kaeckenhoff Reuters
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Credit: REUTERS/MICHAELA REHLE

Ailing conglomerate Thyssenkrupp 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.

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))

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