Thyssenkrupp checks the patience of shareholders

The largest German manufacturer was THYSSENKRUPP who wants to try to sell his Brazilian steel plant again, not managing to find the buyer on it in 2013, but achieved significant shifts in the ownership of the group since the last annual meeting of shareholders.

Henry Hisenger, CEO of Thyssenkrupp, said: "We say that in the near future we want to sell the ThyssenkrupP plant in Brazil." Hisener said that "the sale of the plant in the United States and the simultaneous announcement of capital increase helps to reduce their debts to a little more than 3 billion euros. If we continue to work in this direction for another 1 to 2 years, then we will be able to further reduce our debt and go in the direction of complete disposal of it."

At the end of November 2013, Tissencrupp sold his plant in the United States to two competitors during a long -awaited transaction to get out of a difficult situation, but the buyer of the Brazilian plant was not found. Failures to sell weak assets and other problems have made the achievements of a chisenger who took the helm to implement his ambitious plan to convert 200-year-old German production into a high-tech engineering conglomerate, far from optimistic.

At the annual meeting on Friday, Hisener will face hard questions from shareholders who have not received any dividends for the second year. Yorg Schneider, Head of the Union Investment Foundation in Frankfurt, said: "Some believed that he is a guy who can restructure Thyssenkrupp and make him move forward. But, in fact, this has not yet been achieved because he put a too high bar."