Christoph Steitz on Muck Rack

Christoph Steitz

Verified
  • Chief Company News Correspondent, Germany, Reuters
Frankfurt am Main
As seen in: Reuters, MSN, MSN Australia, MSN Brasil, MSN Canada, MSN Ireland, MSN Singapore, UOL, Business Insider, Daily Mail, ETAuto and
Chief Company News Correspondent, Germany, Reuters. At the intersection of energy, industry and cars. (Comments are my own, not those of Thomson Reuters)
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Articles

Thyssenkrupp to Spin Off Materials Trading Division

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By Christoph Steitz , Miranda Murray , Emelia Sithole-Matarise 
| GuruTrade
FRANKFURT, June 16 (Reuters) - Thyssenkrupp (TKAG.DE), opens new tab plans to ​spin off its materials trading division, ‌the German conglomerate said on Tuesday, in what marks the sale of its biggest ​division by sales in the ​group's ongoing restructuring. The move, previously reported by Reuters, ⁠is the latest step by the ​company to turn into a holding firm ​and follows the divestment of the group's hydrogen and marine divisions via stock market listings.
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Thyssenkrupp to spin off materials trading division, its biggest by sales

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By Christoph Steitz 
| StreetInsider
Thyssenkrupp's logo is seen in the elevator test tower in Rottweil, Germany, January 21, 2020. REUTERS/Michaela Rehle FRANKFURT/DUESSELDORF, June ​16 (Reuters) - ​Thyssenkrupp plans to spin off its materials trading division, whose sales account for nearly a third of the group's ‌total, the German conglomerate said on Tuesday. The spin-off announcement was ⁠previously reported by Reuters and continues the company's efforts to turn itself into ‌a holding firm.
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Iran War Adds to AI Boom as Demand for Gas Turbines Rises Further, Siemens Energy Says

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By Christoph Steitz , David Holmes
| Energy Now
(Reuters) – The Iran war has become an additional driver of demand for gas turbines, Siemens Energy executives said on Thursday, at a time when manufacturers are already flooded with orders due to the massive data centre expansion in the United States.
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