ThyssenKrupp has sold a %20 stake in its steel division to the energy company EP Corporate Group (EPCG), a holding company owned by Czech businessman Daniel Křetínský.
The agreement with the energy company EPCG is expected to contribute to the reduction of electricity costs in ThyssenKrupp's steel production. After the supervisory board of ThyssenKrupp AG approved the share sale, iron and steel workers protested for the second time. The workers demonstrated in front of the headquarters of ThyssenKrupp in Essen and showed great reactions especially to Engel Lopez, CEO of the company.
After ThyssenKrupp labour representatives stated that they would oppose this planned deal in the past weeks, an agreement was reached with EPCG. The realisation of the sale despite the concerns raised a great reaction from the workers.
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