ThyssenKrupp’s shareholding will be reduced, if the European steel joint venture can be listed

A director of the German steelmaker ThyssenKrupp said on December 22, if the European steel joint venture which planned by ThyssenKrupp and Tata Steel can be listed on the stock market by the end of 2024, ThyssenKrupp may Its shareholding in the joint venture has been cut in half.

Oliver Burkhard, director of personnel at ThyssenKrupp, said to reporters that both companies have promised to hold the same share of equity in the first six years after the joint venture was formed. He also said that if the joint venture is listed, they will retain at least 50.1% stake, which means that ThyssenKrupp's shareholding will be reduced to 25.05%.