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Reuters reported that German steelmaker ThyssenKrupp has denied a
magazine report that it is preparing to sell its automotive division.
Weekly magazine Focus said in an advance release of an article to be
published in Monday's edition that ThyssenKrupp, struggling with
billions of euros of debt and a loss-making Steel Americas business, had
asked potential investors for indicative offers for its automotive
operations.
A spokeswoman at the Essen-based company told Reuters on Sunday that
"That's nonsense. We want to develop the business further
strategically."
Source: Reuters |
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