ThyssenKrupp shares bounce on hopes for partial sale of struggling steel unit

Shares in ThyssenKrupp were among the best performers in Europe on Wednesday, after the industrial conglomerate forecast a return to sales growth and hopes rose it may be nearer a deal to offload some of its struggling steel business.

The Germany-based group, which also produces car parts and submarines, said it would record a net loss of €2 billion ($2.18 billion) in financial year ending September 30th, primarily because of an additional €1.8 billion impairment loss for its European steel division, following a €350m write…

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