DUESSELDORF, Reuters – Thyssenkrupp ETR:’s largest shareholder does not plan to sell 20.93% of its stake in the German conglomerate. Its head stated.

Ursula Gather is the chair of the trustees for the Alfried Krupp von Bohlen und Halbach foundation. She also serves on Thyssenkrupp’s supervision board.

We aren’t planning on selling our stake.”

Gather responded to a question regarding a possible extension to the contract of Martina Merz, Chief Executive of Thyssenkrupp, that runs through March 2023.