Thyssenkrupp shares erase gains made since elevator IPO reveal
Reuters
Published May 31, 2019 13:23
Thyssenkrupp shares erase gains made since elevator IPO reveal
FRANKFURT (Reuters) - Shares in German industrial conglomerate Thyssenkrupp (DE:TKAG) on Friday fell 3.8% to 11.32 euros per share, erasing all of the gains it made after announcing a partial listing of its elevator division earlier this month.
Shares had surged 28.2% on May 10 after the announcement, which was welcomed by analysts and investors after a previous strategy -- a spin off of its capital goods businesses -- failed to revive the group's fortunes.
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Written By: Reuters
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