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Finance

Thyssenkrupp says Kretinsky's 20% holding in steel unit is reversible

Published by Global Banking & Finance Review

Posted on January 31, 2025

1 min read

· Last updated: January 26, 2026

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Thyssenkrupp CEO discusses Kretinsky's 20% stake in steel unit - Global Banking & Finance Review — Image of Thyssenkrupp's CEO Miguel Lopez speaking at the annual shareholder meeting, discussing Czech billionaire Kretinsky's 20% stake in the steel unit and its reversible nature.

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DUESSELDORF (Reuters) - Thyssenkrupp's CEO said on Friday that the purchase of 20% in the German industrial group's steel business by a holding of Czech billionaire Daniel Kretinsky can be reversed if

Thyssenkrupp's CEO Confirms Kretinsky's 20% Stake Can Be Reversed

Speaking at ThyssenKrupp's annual shareholder meeting, CEO Miguel Lopez said that there is a fallback agreement to wind down his investment if the two sides fail to agree on 50/50 shared ownership in the embattled steel business as planned.

(Reporting by Tom Kaeckenhoff in Duesseldorf; Writing by Ludwig Burger; Editing by Miranda Murray)

Key Takeaways

Kretinsky's 20% stake in Thyssenkrupp's steel unit is reversible.
CEO Miguel Lopez discussed the fallback agreement at a shareholder meeting.
The reversal depends on the success of collaboration talks.
Thyssenkrupp aims for a 50/50 shared ownership in the steel business.
The agreement highlights strategic flexibility for Thyssenkrupp.

Frequently Asked Questions

What percentage of Thyssenkrupp's steel business did Kretinsky acquire?

Kretinsky acquired a 20% stake in Thyssenkrupp's steel business.

What did Thyssenkrupp's CEO say about the investment?

CEO Miguel Lopez stated that the investment can be reversed if an agreement on shared ownership is not reached.

Is there a fallback agreement regarding Kretinsky's investment?

Yes, there is a fallback agreement to wind down Kretinsky's investment if the two sides cannot agree on a 50/50 ownership structure.

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Thyssenkrupp says Kretinsky's 20% holding in steel unit is reversible

Thyssenkrupp's CEO Confirms Kretinsky's 20% Stake Can Be Reversed

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