The situation at thyssenkrupp $TKA (+0.54%) is coming to a head! The steel division has been considering the sale of Hüttenwerke Krupp Mannesmann (HKM), but an important investor, CE Capital Partners, has now turned it down. This leaves the plant with its 3,000 employees facing an uncertain future. 😟
Thyssenkrupp had hoped that the sale would give HKM a fresh start. However, the rejection is a bitter setback. The company is still looking for other interested parties to prevent the closure. IG Metall has already signaled that it wants to enter into talks with potential buyers.
The question remains: What happens now? Thyssenkrupp must act urgently to secure the future of the steelworks. Is closure the last resort or is there still hope for a new investor? Let's discuss it!
