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2 months ago | 
today.westlaw.com | Rachel More |Tom Kaeckenhoff |David Evans |Christoph Steitz
FRANKFURT/DUESSELDORF (Reuters) - Thyssenkrupp said on Friday investor CE Capital Partners has broken off talks about a potential purchase of the HKM steel joint venture, raising the risk of closure for the asset and its roughly 3,000 employees.
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Jan 23, 2025 | 
gurutrade.com | Vera Eckert |Tom Kaeckenhoff |Miranda Murray
BERLIN, Jan 23 (Reuters) - Germany's power grid operators will need the country's regulator to grant higher returns on their capital from 2029 to be able to spend on grid expansion and attract investors, the chief executive of network company Amprion said.
Speaking to Reuters on the sidelines of the Handelsblatt Energy Summit, CEO Christoph Mueller said Amprion, 25% owned by utility RWE, wished for the regulatory agency to consider its plea in decisions expected later this year.
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Dec 10, 2024 | 
gurutrade.com | Tom Kaeckenhoff |Linda Pasquini |Madeline Chambers
Dec 10 (Reuters) - Germany's VDMA engineering association said on Tuesday it still expected production in the sector to fall next year, although at a slower pace than in 2024, and flagged the risk of slight job cuts as sinking orders have hindered capacity utilization.
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Nov 25, 2024 | 
businesslive.co.za | Tom Kaeckenhoff
Berlin — Thyssenkrupp Steel Europe (TKSE) plans to reduce its workforce by 11,000 people, or roughly 40%, the company said on Monday, the latest major restructuring to be announced by a German industrial giant. Germany’s largest steelmaker, a division of Thyssenkrupp, is under pressure from cheaper Asian competitors, high power prices and a weakening global economy, leading to operating losses in four of the past five years.
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Nov 19, 2024 | 
gurutrade.com | Christoph Steitz |Tom Kaeckenhoff |Friederike Heine |Saad Sayeed
2023/24 net loss at 1.5 bln eur
EPCG can step back from steel deal if 50:50 JV fails
Free cash flow before M&A positive at 110 mln eur
ESSEN, Germany, Nov 19 (Reuters) - Thyssenkrupp on Tuesday said it took a fresh 1 billion euro ($1.06 billion) impairment on its struggling steel division, citing the sector's deteriorating outlook as well as future investments needed to decarbonise production.
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Jul 5, 2024 | 
today.westlaw.com | Miranda Murray |Tom Kaeckenhoff |Christoph Steitz
FRANKFURT (Reuters) - Thyssenkrupp, Salzgitter and France's Vallourec are reviewing a sale of their steel joint venture HKM after they were approached by a potential buyer, Germany's largest steelmaker said on Friday. A sale of HKM, in which...
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Mar 13, 2024 | 
gurutrade.com | Christoph Steitz |Tom Kaeckenhoff |Louise Heavens |Tom Hogue
Has 5-10 bln eur in additional funding headroom
2024 core profit outlook ahead of consensus
Frankfurt-listed shares +3.4%
ESSEN, Germany, March 13 (Reuters) - E.ON, Europe's biggest operator of energy networks, on Wednesday raised its five-year investment target to 42 billion euros ($46 billion), saying the continent required major grid expansion to make the transition to clean energy sources.
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Feb 7, 2024 | 
today.westlaw.com | Elaine Hardcastle |Rachel More |Max Cherney |Tom Kaeckenhoff
BERLIN (Reuters) -A court in Germany has issued an injunction against the sale of some of Intel's chips, in a patent dispute between the U.S. tech giant and a U.S. rival that filed the complaint. The regional court in Dusseldorf ruled in favour of the...
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Aug 30, 2023 | 
today.westlaw.com | Mark Porter |Vera Eckert |Tom Kaeckenhoff |Mark Potter
FRANKFURT (Reuters) -A German court on Wednesday threw out the rates of return for power and gas network infrastructure operators set in 2021 by the grid regulator, saying companies were right to complain they were too low. The decision by the...
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May 22, 2023 | 
zawya.com | Vera Eckert |Tom Kaeckenhoff
FRANKFURT - Germany's federal network regulator plans to study the permitted returns on infrastructure for power networks through to 2029 to take account of inflation and expansion plans by grid operators to accommodate renewable energies. Klaus Mueller, president of the regulatory agency, the Bundesnetzagentur, said at a conference in Essen on Monday that the study would consider inflation and interest rates and be carried out in consultation with operators.
