Germany’s Thyssenkrupp to sell stake in India unit to local partners
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Germany’s Thyssenkrupp to sell stake in India unit to local partners

By Debjyoti Roy

  • 20 Feb 2024
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Germany’s Thyssenkrupp to sell stake in India unit to local partners

German industrial machinery manufacturer Thyssenkrupp AG has agreed to sell its stake in an Indian subsidiary to its local joint venture partners as it looks to cut costs and improve profitability amid a weak global economic environment. The German group signed an agreement late last month to divest its 55% stake ......

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