--Thyssenkrupp is considering purchasing Kloeckner & Co. in a bid to strengthen its own steel business, German business magazine Manager Magazin reports.

--Thyssenkrupp hopes to use the funds raised in a planned public listing of its elevator division to finance the acquisition, according the publication.

--At 1138 GMT, shares in Kloeckner & Co trade 9.5% higher at EUR5.35.

Full story in German: https://bit.ly/2Ksf6hl

Write to Barcelona editors at barcelonaeditors@dowjones.com

(END) Dow Jones Newswires

June 20, 2019 08:06 ET (12:06 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
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