Thyssenkrupp shares drop to record lows after elevator sale
FRANKFURT – On Friday, Thyssenkrupp shares reached new record lows, falling 5.9% to 6.83 euros a share.
These numbers come after a sale of their elevators, which is their best performing asset, last week.
Investors and analysts urged Thyssenkrupp to rethink their strategy after the 17.2 billion euro sale of their elevator division. This left them with a giant pile of cash, but without an equity story.
(Photos syndicated via Reuters)
This story has been edited by BH staff and is published from a syndicated field.