off-the-wire

Half of Thyssenkrupp's pension liabilities tied to steel - CFO

Kitco Media
By Reuters
Published:
Updated:
Reuters

FRANKFURT, May 11 (Reuters) - Around half of Thyssenkrupp's 5.7 billion euros ($6.27 billion) in pension liabilities are tied to the group's steel division, which is up for sale, the company's finance chief Klaus Keysberg told journalists on Thursday.

The size of steel-related pension liabilities, which have come down from 4 billion euros a few years ago, have been a hurdle to any deal to sell or hive off the business.

($1 = 0.9084 euros) (Reporting by Christoph Steitz, Editing by Friederike Heine)

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