Thyssenkrupp needs new strategy, targets not enough: investor

DUESSELDORF (Reuters) – Thyssenkrupp (TKAG.DE) needs a broad overhaul in strategy carried about by a new external chief executive, as mid-term targets announced this week will not be enough to put the German group back on track, according to one of its investors.

FILE PHOTO: Thyssenkrupp’s logo is seen close to the elevator test tower in Rottweil, Germany, September 25, 2017. REUTERS/Michaela Rehle/File Photo

Union Investment owns just a 0.2 percent stake in Thyssenkrupp, worth about $28 million, but has been one of the most critical shareholders of the steel-to-submarines conglomerate and…

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