Thyssenkrupp has in the past said it wants to focus on strengthening its capital goods business. Photo: ReutersFrankfurt: German conglomerate Thyssenkrupp is considering a major overhaul which involves a separation of individual business units, two people familiar with the matter told Reuters on Thursday. Shares in the group rose by more than 5 percent on the news to hit a seven-week high. Thyssenkrupp has in the past said it wants to focus on strengthening its capital goods business, which comprises elevators, car parts and plant engineering. Thyssen’s strategy evaluation comes as rival conglomerates including Siemens and General Electric are slimming down their businesses.

Source: Mint September 27, 2018 12:33 UTC