Thyssenkrupp shares up on steel spin-off speculation

© Reuters. Thyssenkrupp’s logo is seen outside elevator test tower in Rottweil

FRANKFURT (Reuters) – Shares in Thyssenkrupp (DE:) rose on Monday as traders pointed to speculation that the group was considering a spin-off of its steel unit.

Thyssenkrupp confirmed that it was examining a sale of the business as well as how it could develop the division on a standalone basis, declining to comment further.

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