Merkel says ThyssenKrupp structure is a commercial matter

Reuters

Published Jul 20, 2018 10:56

Merkel says ThyssenKrupp structure is a commercial matter

BERLIN (Reuters) - The structure of German submarines-to-lifts conglomerate ThyssenKrupp (DE:TKAG) is a commercial matter, Chancellor Angela Merkel said on Friday.

The company's chairman and chief executive both resigned this month following pressure from activist shareholders demanding a restructuring of the conglomerate.

"In the end it is a commercial decision," Merkel told a news conference in Berlin.