German steelmaker ThyssenKrupp has announced that it has raised €882.3 million through a capital increase corresponding to 10 percent of capital stock, selling 51.5 million new shares at €17.15 per share.
This capital measure strengthens ThyssenKrupp's equity and reduces its net financial debt.
After concluding the sale of its Alabama-based steel mill to a joint venture partnership between Japan's NSSMC and ArcelorMittal, the German steelmaker had stated that it was planning a capital increase of up to 10 percent.
Source:
http://www.steelorbis.com/steel-news/latest-news/thyssenkrupp-raises-882-million-in-capital-increase-799119.htm
