The Swedish financial investor Cevian has sold almost half of its stake in the industrial and steel company Thyssenkrupp. The share had been reduced from about 15 to 7.9 percent, said Cevian on Tuesday. The investor wants to remain one of Thyssenkrupp’s most important investors and continues to support the management in its course: “The latest figures now presented by Thyssenkrupp and the increase in the share price reflect that the turnaround is showing success.” The Essen-based group had significantly improved its results in the 2020/21 financial year (as of the end of September) and promised a billion-dollar profit. The Krupp Foundation remains the largest shareholder with a share of around 21 percent. According to estimates, the package from Cevian is worth a good 485 million euros. The investor takes advantage of the positive price development of the past few months.
Financial investor – Cevian gets out in Essen – economy
