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MarketScreener Homepage  >  Equities  >  Xetra  >  ThyssenKrupp AG    TKA   DE0007500001

THYSSENKRUPP AG

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thyssenKrupp : Germany's RAG joins consortium in Thyssenkrupp elevator auction - sources

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01/15/2020 | 12:45pm EST
FILE PHOTO: The logo of Thyssenkrupp is seen near elevators at its headquarters in Essen, Germany

Germany's RAG Stiftung has joined a consortium led by private equity firms Advent and Cinven in a bid for Thyssenkrupp's 15 billion euro ($17 billion) elevator division, two sources familiar with the matter said.

RAG, a public sector foundation and the controlling shareholder of German chemicals group Evonik, was not immediately available for comment.

Thyssenkrupp, whose supervisory board was meeting on Wednesday to review offers for its elevator division, declined to comment.

A local player with less strict return targets than private equity, RAG's involvement may improve the consortium's chances with labour representatives, who control half of Thyssenkrupp's supervisory board and need to approve any deal.

On Monday, RAG sold a 5.2% stake in Evonik worth 632.5 million euros ($705.9 million).

(Reporting by Arno Schuetze, Tom Kaeckenhoff and Christoph Steitz; Editing by Michelle Martin and Susan Fenton)

Stocks mentioned in the article
ChangeLast1st jan.
EVONIK INDUSTRIES AG 0.22% 26.85 Delayed Quote.-1.54%
THYSSENKRUPP AG -2.05% 10.04 Delayed Quote.-14.87%
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Financials (EUR)
Sales 2020 41 962 M
EBIT 2020 793 M
Net income 2020 -527 M
Debt 2020 5 873 M
Yield 2020 0,24%
P/E ratio 2020 -12,5x
P/E ratio 2021 13,1x
EV / Sales2020 0,29x
EV / Sales2021 0,28x
Capitalization 6 250 M
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Mean consensus OUTPERFORM
Number of Analysts 13
Average target price 12,11  €
Last Close Price 10,04  €
Spread / Highest target 59,4%
Spread / Average Target 20,6%
Spread / Lowest Target -52,9%
EPS Revisions
Managers
NameTitle
Martina Merz Chief Executive Officer
Siegfried Russwurm Chairman-Supervisory Board
Johannes M. Dietsch Chief Financial Officer
Martin Holz Chief Information Officer
Bernhard Pellens Member-Supervisory Board
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