September 13, 2019 / 8:02 AM / 9 days ago

Top-10 shareholder GIC raises stake in Thyssenkrupp

FRANKFURT, Sept 13 (Reuters) - Singapore’s state investor GIC Pte Ltd has raised its stake in ailing German conglomerate Thyssenkrupp, a regulatory filing showed on Friday.

The investor, as of Sept. 6, held 5.3% in the group, up from 3.5% previously, the filing showed. Thyssenkrupp shares have climbed 40% since mid-August, boosted by hopes for a sale of its prized elevator division. (Reporting by Christoph Steitz; editing by Riham Alkousaa)

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