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ThyssenKrupp talks with hedge funds on share issue

Reuters – German steelmaker ThyssenKrupp, which has said it risks breaching loan covenants, is in talks with hedge funds to persuade them to buy into an issue of new shares, two people familiar with the matter said.

One of the sources, who spoke on condition of anonymity because the negotiations are confidential, told Reuters on Thursday the talks were at an advanced stage.

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