Industry News

Thyssenkrupp CFO: we don't have a liquidity problem

Views : 405
Author : Kelly
Update time : 2020-05-12 21:29:51
FRANKFURT, May 12 (Reuters) - Thyssenkrupp does not have a liquidity problem due to a 1 billion euro loan from state-owned lender KfW and the expected transfer of funds from the sale of its elevator division, its chief financial officer said.
At the end of March, Thyssenkrupp had access to 4.5 billion euro of financial liquidity, which does not include the KfW loan, to be paid back when the funds from the elevator sale arrive, Klaus Keysberg said.
Related News
Read More >>
UK's aluminium packaging industry at risk without improved recycling infrastructure, warns Alupro UK's aluminium packaging industry at risk without improved recycling infrastructure, warns Alupro
Dec .19.2024
UK's aluminium packaging industry at risk without improved recycling infrastructure, warns Alupro
China’s alumina price slump on SMM indicates tight supply ease and subdued demand for winter heating season China’s alumina price slump on SMM indicates tight supply ease and subdued demand for winter heating season
Dec .19.2024
China’s alumina price slump on SMM indicates tight supply ease and subdued demand for winter heating season
Aluminium ADC12 non-OEM prices remain stable w-o-w amid sluggish demand Aluminium ADC12 non-OEM prices remain stable w-o-w amid sluggish demand
Dec .19.2024
Aluminium ADC12 non-OEM prices remain stable w-o-w amid sluggish demand
Aluminum Association outlines key policy priorities for incoming US administration and Congress Aluminum Association outlines key policy priorities for incoming US administration and Congress
Dec .19.2024
Aluminum Association outlines key policy priorities for incoming US administration and Congress