July 20, 2018 / 9:56 AM / 10 months ago

Merkel says ThyssenKrupp structure is a commercial matter

FILE PHOTO: German Chancellor Angela Merkel holds the annual summer news conference in Berlin, Germany, July 20, 2018. REUTERS/Michele Tantussi

BERLIN (Reuters) - The structure of German submarines-to-lifts conglomerate ThyssenKrupp (TKAG.DE) is a commercial matter, Chancellor Angela Merkel said on Friday.

The company’s chairman and chief executive both resigned this month following pressure from activist shareholders demanding a restructuring of the conglomerate.

“In the end it is a commercial decision,” Merkel told a news conference in Berlin.

Writing by Paul Carrel; Editing by Michelle Martin

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