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ThyssenKrupp (TYEKY.OB, TYEKF.PK) is working with banks on a plan to raise $1B by September,...

ThyssenKrupp (TYEKY.OB, TYEKF.PK) is working with banks on a plan to raise $1B by September, according to German reports, a move intended to help fix the ratio of its equity to its level of debt. A spokesman for the steelmaker, reeling from losses at the Steel Americas unit it's trying to sell, tells Reuters there is no decision nor any concrete plan to raise capital.
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