Thyssenkrupp posts $2.3 bln impairment on steel division


Source: reuters.com reuters.com

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Steel coils are waiting for delivery at the storage and distribution facility of German steel maker ThyssenKrupp in Duisburg, Germany, November 16, 2023. REUTERS/Wolfgang Rattay/File Photo Acquire Licensing Rights Summary Companies Q4 net loss at 2 billion euros Proposes unchanged dividend of 0.15 euros per share Shares indicated to open 1.8% lower FRANKFURT/DUESSELDORF, Nov 22 (Reuters) - Germany's Thyssenkrupp (TKAG.DE) on Wednesday unveiled a 2.1-billion-euro ($2.3 billion) impairment on its steel unit due to a "gloomy" outlook, highlighting the challenge in efforts to win Czech energy group EPH as a co-owner for the business. As a result of the impairment,...