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Salzgitter AG (SZGG.DE)

SZGG.DE on Xetra

12.49EUR
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Wed, Jul 8 2020

Salzgitter CEO sees no immediate need for M&A

FRANKFURT Germany's second-largest steelmaker Salzgitter sees no benefit from consolidation for now, Chief Executive Heinz Joerg Fuhrmann told shareholders on Wednesday, in a rebuff to its major rival Thyssenkrupp .

Salzgitter CEO sees no merit in sector consolidation for time being

FRANKFURT Germany's second-largest steelmaker Salzgitter would not stand to benefit from consolidation efforts, Chief Executive Heinz Joerg Fuhrmann told shareholders on Wednesday.

Salzgitter: No negotiations with Thyssenkrupp on steel

DUESSELDORF/FRANKFURT, Germany Germany's second-largest steelmaker Salzgitter on Wednesday said it was not in talks with larger rival Thyssenkrupp about consolidation, pouring cold water on hopes for the creation of a national metals giant.

UPDATE 1-Salzgitter: No negotiations with Thyssenkrupp on steel

* No labour support for majority sale - Nasikkol (Adds comments by labour representative)

German steelmaker Salzgitter reduces output

LONDON, April 1 Germany's second-largest steelmaker Salzgitter has reduced production at two of its blast furnaces and could cut output further, it said on Wednesday, citing reduced demand because of the coronavirus pandemic.

Salzgitter not talking about tie-ups with Thyssenkrupp: CEO

FRANKFURT German steelmaker Salzgitter is not discussing any partial or full merger scenarios with larger peer Thyssenkrupp , its CEO said, adding the group remained open to the idea of consolidation if it makes sense.

UPDATE 1-Salzgitter not talking about tie-ups with Thyssenkrupp - CEO

FRANKFURT, March 16 German steelmaker Salzgitter is not discussing any partial or full merger scenarios with larger peer Thyssenkrupp, its CEO said, adding the group remained open to the idea of consolidation if it makes sense.

Salzgitter talks with Thyssenkrupp not about consolidation - CEO

FRANKFURT, March 16 German steelmaker Salzgitter is in regular talks with peer Thyssenkrupp but there are no discussions about merging parts or whole divisions, its CEO said, pouring cold water on hopes for a consolidation in the industry.

BRIEF-Salzgitter FY After-Tax Profit Turns To Loss Of EUR 237.3 Million

* FY EBT OF EUR 143 MILLION EXCLUDING SPECIAL ITEMS WITHIN ORIGINAL FORECAST

RPT-Salzgitter expects sales to rebound in 2020

FRANKFURT, March 16 Germany's second-largest steelmaker Salzgitter on Monday said it expects revenues to rise in 2020, pointing to an improvement in its core market Europe, where cheap imports have weighed on prices and margins.

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