ThyssenKrupp Steel targets separation, with parent to keep minority stake
- ThyssenKrupp outlined a reorganization of its steel unit, keeping a separation of thyssenkrupp Steel Europe as the stated strategic objective.
- Structure could leave the parent with a minority stake in the steel business.
- Restructuring milestones include a 2025 labor agreement, 4,000 workforce cuts implemented toward 11,000 planned, HKM exit completed in summer 2026.
- Medium-term targets call for at least EUR 1.2 billion adjusted EBITDA, at least 11% margin, positive free cash flow.
- Self-help measures are expected to drive more than EUR 800 million of EBITDA improvement.
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