The largest shareholder of Thyssenkrupp (TKAG.DE) told a German newspaper that they expect relevant stakeholders to decide soon on the future of the German conglomerate's steel division.
According to information shared with Reuters by sources last week, Thyssenkrupp wants to divest its steel division.
It was also reported in the news that there were negotiations with Czech billionaire Daniel Kretinsky about the sale of half of the company.
“All parties are seeking the independence of steel,” Ursula Gather, who chairs the board of trustees of the Alfried Krupp von Bohlen und Halbach Foundation and also sits on the supervisory board of Thyssenkrupp, told Rheinische Post.
The Alfried Krupp von Bohlen und Halbach Foundation owns 21% of Thyssenkrupp, currently valued at 941 million euros ($988 million).
Gather added that it is possible for the institution to become a shareholder in a separate steel business if sustainable dividends are guaranteed.
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