August 11, 2016 / 1:23 PM / 2 years ago

Thyssenkrupp CEO says steel is only M&A on cards

FRANKFURT, Aug 11 (Reuters) - Thyssenkrupp is not planning any other portfolio changes beyond the possible merger of its European steel operations with a partner, its chief executive said.

“With the exception of the talks we have on the consolidation... there are no others on M&A,” Heinrich Hiesinger told analysts on a webcast call after the company reported third-quarter earnings on Thursday.

Hiesinger had been asked whether Thyssenkrupp planned to divest its elevator or marine systems businesses.

“None of the issues mentioned is valid,” he said.

Reporting by Georgina Prodhan; Editing by Jonathan Gould

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