Merkel says ThyssenKrupp structure is a commercial matter

FAN Editor 7 years ago
German Chancellor Angela Merkel holds the annual summer news conference in Berlin
FILE PHOTO: German Chancellor Angela Merkel holds the annual summer news conference in Berlin, Germany, July 20, 2018. REUTERS/Michele Tantussi

July 20, 2018

BERLIN (Reuters) – The structure of German submarines-to-lifts conglomerate ThyssenKrupp <TKAG.DE> is a commercial matter, Chancellor Angela Merkel said on Friday.

The company’s chairman and chief executive both resigned this month following pressure from activist shareholders demanding a restructuring of the conglomerate.

“In the end it is a commercial decision,” Merkel told a news conference in Berlin.

(Writing by Paul Carrel; Editing by Michelle Martin)

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